Cobra Resources PLC Publication of a Prospectus (8911Z)
January 16 2024 - 9:41AM
UK Regulatory
TIDMCOBR
RNS Number : 8911Z
Cobra Resources PLC
16 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.
16 January 2024
Cobra Resources plc
("Cobra" or the "Company")
Publication of Prospectus
Cobra , an exploration company focused on the Wudinna Gold and
Rare Earth Project ("Wudinna") in South Australia, announces that
it has today published a prospectus (the "Prospectus") in
connection with the issuance of 74,010,000 ordinary shares of 1
pence each in the capital of the Company ("New Ordinary Shares").
As announced on 14 November 2023, the New Ordinary Shares comprise
52,010,000 ordinary shares issued as consideration to acquire the
remaining 25% of Wudinna pursuant to the Wudinna Subdivision and
Sale Agreement, and 22,000,000 ordinary shares issued pursuant to a
placing announced on 15 November 2023.
A copy of the Prospectus has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Expected Timetable of Events
Applications have been made to the Financial Conduct Authority
and it is expected that the admission of the New Ordinary Shares to
the Official List by way of a Standard Listing will become
effective on or before 8.00 a.m. on 19 January 2024 ("Admission").
The expected timetable of principal events for the Admission is set
out below. All references to time in this announcement are to
London time. Any changes to the expected timetable will be notified
by the Company through an RIS.
Publication of this Prospectus 16 January 2024
Admission and commencement of unconditional 8.00 a.m. on 19 January
dealings in the New Ordinary Shares 2024
---------------------------
CREST members' accounts credited in respect As soon as reasonably
of the New Ordinary Shares (where applicable) practicable on 19 January
2024
---------------------------
Share certificates despatched in respect within 10 Business
of the New Ordinary Shares (where applicable) Days of Admission
---------------------------
Enquiries:
Cobra Resources plc via Vigo Consulting
Rupert Verco (Australia) +44 (0)20 7390 0234
Dan Maling (UK)
SI Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto +44 (0)1483 413 500
Global Investment Strategy (Joint
Broker)
James Sheehan
James.sheehan@gisukltd.com +44 (0)20 7048 9437
Vigo Consulting (Financial Public
Relations)
Ben Simons
Kendall Hill +44 (0)20 7390 0234
The person who arranged for the release of this announcement was
Rupert Verco, Managing Director of the Company.
About Cobra
Cobra is defining a unique multi-mineral resource at the Wudinna
Gold and Rare Earth Project in South Australia's Gawler Craton, a
tier one mining and exploration jurisdiction which hosts several
world-class mines. Cobra's Wudinna tenements totalling 1,832 km(2)
, and other nearby tenement rights totalling 1,429 km(2) , contain
highly desirable and ionic rare earth mineralisation, amenable to
low-cost, low impact in situ recovery mining, and critical to
global decarbonisation.
Cobra's Wudinna tenements also contain extensive orogenic gold
mineralisation and are characterised by potentially open-pitable,
high-grade gold intersections, with ready access to infrastructure.
Cobra has 22 orogenic gold targets outside of the current 279,000
Oz gold JORC Mineral Resource Estimate, and several iron oxide
copper gold (IOCG) targets.
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LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
Twitter: https://twitter.com/Cobra_Resources
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https://cobraplc.com/news/
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