Exercise of Warrants

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Cobra Resources plc has announced the exercise of warrants, resulting in the subscription for 2,373,913 new Ordinary shares. The company received a total consideration of £47,478.27 from these exercises, with 700,000 warrants exercised at 2.0 pence each and 1,673,913 warrants at 2.3 pence each. Following this issuance, the total issued share capital will increase to 1,095,222,979 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 2,373,913 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration has been paid to the Company in connection with the exercise of 700,000 Warrants at 2.0 pence per new Ordinary Share, and 1,673,913 Warrants at 2.3 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 1,095,222,979 Ordinary Shares.

Regional map showing Cobra's tenements in South Australia

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