Exercise of Warrants

In brief · summary, not quotable

Cobra Resources plc has announced the exercise of warrants, resulting in the issuance of 1,000,000 new Ordinary shares at 2.0 pence per share, raising £20,000 for the company. Following this issuance, Cobra's total issued share capital will stand at 1,089,696,892 Ordinary Shares. This development is part of the company's ongoing efforts to advance its Wudinna Rare Earths Project and Manna Hill Copper Project.

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 1,000,000 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 2.0 pence per new Ordinary Share was £20,000. The New Ordinary Shares were issued under the Company's existing block listing and following the issue the total issued share capital will comprise 1,089,696,892 Ordinary Shares.

Regional map showing Cobra's tenements in South Australia

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