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.
10 May 2024
Cobra Resources
plc
("Cobra"
or the "Company")
Director
Shareholding
Cobra
(LSE: COBR), an exploration
company focused on the Wudinna Project in South Australia,
announces it received notification on 8 May 2024
that on 7 May 2024, David Clarke, Director, Business Development
and Asset Marketing of the Company, bought 2,224,800 ordinary
shares of nominal value 1 pence each in the capital of the Company
("Ordinary Shares") at 1.08 pence per Ordinary Shares for a total
consideration of £25,000.
Following this transaction, Mr
Clarke is now interested in 68,060,966 Ordinary Shares, which
represents 9.37% of the Company's existing issued Ordinary Share
capital. The notification shown below, made pursuant to Article
19(3) of the Market Abuse (Amendment) (EU Exit) Regulations 2019
(SI 2019/310), provides further details.
Enquiries:
|
Cobra Resources plc
Rupert Verco (Australia)
Dan Maling (UK)
|
via Vigo
Consulting
+44 (0)20
7390 0234
|
|
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
Cobra is defining a unique
multi-mineral resource at the Wudinna Project in South Australia's
Gawler Craton, a tier one mining and exploration jurisdiction which
hosts several world-class mines. Cobra's Wudinna tenements
totalling 1,832km2, and other nearby tenement rights
totalling 2,941km2, contain highly desirable and ionic rare earth mineralisation amenable
to low-cost, low impact in situ recovery mining, and critical to
global decarbonisation. Cobra's greater Wudinna tenements are also
prospective for uranium. Additionally, Cobra holds a
213km2 exploration tenement in northern Tasmania which
is also considered highly prospective for ionic rare earth
mineralisation.
Cobra's Wudinna tenements also
contain extensive orogenic gold mineralisation and are
characterised by potentially open-pitable, high-grade gold
intersections, with ready access to infrastructure. Cobra has 22
orogenic gold targets outside of the current 279,000 Oz gold JORC
Mineral Resource Estimate, and several iron oxide copper gold
(IOCG) targets.
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
X (Twitter):
https://twitter.com/Cobra_Resources
Subscribe to our news alert service:
https://cobraplc.com/news/
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
David Clarke
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, David Clarke, Director,
Business Development and Asset Marketing of the Company
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Cobra Resources plc
|
|
b)
|
LEI
|
213800XTW5PLLK72TQ57
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 1 pence
each
ISIN GB00BGJW5255
|
|
b)
|
Nature of the
transaction
|
Purchase of shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s) Volumes
1.08 pence 2,224,800
|
|
d)
|
Aggregated information
|
N/A (Single transactions)
|
|
e)
|
Date of the transaction
|
7 May 2024
|
|
f)
|
Place of the transaction
|
XLON
|