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.
4 March 2025
Cobra Resources
plc
("Cobra"
or the "Company")
Result of General
Meeting
Cobra
(LSE: COBR), the mineral
exploration and development company advancing a potentially
world-class ionic Rare Earth Elements discovery at its Boland
Project in South Australia, announces that at the General Meeting
("GM") of the Company held earlier today, all resolutions were duly
passed by the requisite majorities.
The passing of the resolutions will,
inter alia, enable Cobra to proceed with the allotment and issue of
the Tranche 2 Conditional Placing Shares and the Tranche 2 Placing
Shares subject only to the publication of a secondary prospectus
(as explained in the GM Notice). A draft prospectus is currently
with the FCA for review.
A further announcement will be made
upon publication of the prospectus and application for admission to
trading of the Tranche 2 Conditional Placing Shares and the Tranche
2 Placing Shares.
A summary of the resolutions passed
and the results of voting are available on the Company's website
at: https://investors.cobraplc.com/documents
Terms used but not defined in this
announcement shall have the meaning given to them in the GM
Notice.
Enquiries:
|
Cobra Resources plc
Rupert Verco (Australia)
Dan Maling (UK)
|
via Vigo
Consulting
+44 (0)20
7390 0234
|
|
Cairn Financial Advisers LLP
Emily Staples
Ludovico Lazzaretti
|
+44 (0)20
7213 0897
+44 (0)20
7213 0884
|
|
SI
Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto
|
+44
(0)1483 413 500
|
|
Global Investment Strategy (Joint Broker)
James Sheehan
|
+44 (0)20
7048 9437
james.sheehan@gisukltd.com
|
|
Vigo Consulting (Financial Public Relations)
Ben Simons
Kendall Hill
|
+44 (0)20
7390 0234
cobra@vigoconsulting.com
|
The person who arranged for the
release of this announcement was Rupert Verco, Managing Director of
the Company.
About Cobra
In 2023, Cobra discovered a rare
earth deposit with the potential to re-define the cost of rare
earth production. The highly scalable Boland ionic rare earth
discovery at Cobra's Wudinna Project in South Australia's Gawler
Craton is Australia's only rare earth project amenable for in situ
recovery (ISR) mining - a low cost, low disturbance method enabling
bottom quartile recovery costs without any need for excavation or
ground disturbance. Cobra is focused on de-risking the investment
value of the discovery by proving ISR as the preferred mining
method and testing the scale of the mineralisation footprint
through drilling.
Cobra's Wudinna tenements also
contain extensive orogenic gold mineralisation, including a 279,000
Oz gold JORC Mineral Resource Estimate, characterised by low levels
of over-burden, amenable to open pit mining.
Regional map showing Cobra's tenements in the heart of the
Gawler Craton
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https://investors.cobraplc.com/
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