Exercise of Warrants

In brief · summary, not quotable

Cobra Resources plc has announced the exercise of warrants, resulting in the subscription of 3,043,478 new Ordinary shares for a total consideration of £70,000, at a price of 2.3 pence per share. Following this issuance, the Company's total issued share capital will increase to 1,088,696,892 Ordinary Shares. This development is relevant to investors as it represents a capital inflow for the company and an increase in its outstanding shares.

Full announcement

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Cobra (LSE: COBR), a South Australian mineral exploration and development company advancing the Wudinna Rare Earths Project and the Manna Hill Copper Project, announces that it has received notices of the exercise of warrants ("Warrants") to subscribe for a total of 3,043,478 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration paid to the Company in connection with the exercise of such Warrants at 2.3 pence per new Ordinary Share was £70,000. The New Ordinary Shares were issued under the Company's existing block listing and following the issue the total issued share capital will comprise 1,088,696,892 Ordinary Shares.

Regional map showing Cobra's tenements in South Australia

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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.