Business
Issue of Equity
Issue of Equity.
About this update from Cobra Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1191S\n Cobra Resources PLC\n 11 November 2021\n \n \n \n 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.\n \n 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.\n \n 11 November 2021\n \n \n Cobra Resources plc\n \n \n (\"Cobra\" or the \"Company\")\n \n \n \n \n Issue of Equity:\n Stage 2 Earn-In and PDMR Dealing\n \n \n \n Cobra, a gold exploration company focused on the Wudinna Gold Project in South Australia, announces that, following fulfilment of its Stage 2 expenditure obligations under the \"Wudinna Agreement\" entitling the Company to increase its ownership of the Wudinna Project (the \"Project\") from 50% to 65%, the Company will deliver 31,725,919 ordinary shares credited as fully paid at a price of 1.9p per share to the Project vendors.\n \n Of the \n 31,725,919\n shares, 6,138,909 will be delivered by way of a transfer of an allotment of shares already made but which the Company is no longer obligated to deliver. Accordingly, applications have been made to the Financial Conduct Authority (\"FCA\") and the London Stock Exchange plc (\"LSE\") for the balance of 25,587,010 new ordinary shares (the \"New Shares\") of 1p each to be admitted to the standard segment of the official list and to trading on the main market for listed securities of the LSE. It is expected that admission will become effective on 16 November 2021.\n \n \n \n \n \n When issued, the New Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of admission.\n \n \n &nb...