Exercise of Warrants

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Cobra Resources plc has announced the exercise of warrants, resulting in the subscription for 1,500,000 new Ordinary shares at 2.0 pence per share, raising a total consideration paid to the company. Following this issuance, the total issued share capital will increase to 1,092,849,066 Ordinary 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 1,500,000 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration has been paid to the Company Warrants at 2.0 pence per new Ordinary Share. The New Ordinary Shares were issued under the Company's existing block listing and following the issue the total issued share capital will comprise 1,092,849,066 Ordinary Shares.

Regional map showing Cobra's tenements in South Australia

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