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.
7 October 2024
Cobra Resources
plc
("Cobra"
or the "Company")
Director
Shareholding
Cobra
(LSE: COBR), the mineral
exploration and development company advancing a potentially
world-class ionic Rare Earth Elements ("REEs") discovery at its
Boland Project in South Australia, announces it
received notification on 7 October 2024 that David Clarke,
Director, Business Development and Asset Marketing of the Company,
bought on 3, 4 and 7 October 2024 a total of 1,250,000 ordinary
shares of nominal value 1 pence each in the capital of the Company
("Ordinary Shares").
Following these transactions, Mr
Clarke is now interested in 70,717,353 Ordinary Shares, which
represents 9.73% of the Company's 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
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. Cobra
is focused on de-risking the investment value of the discovery by
proving ISR as the preferred mining method which would eliminate
challenges associated with processing clays and provide Cobra with
the opportunity to define a low-cost pathway to
production.
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
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
X (Twitter):
https://twitter.com/Cobra_Resources
Engage with us by asking questions,
watching video summaries and seeing what other shareholders have to
say. Navigate to our Interactive Investor hub here:
https://investors.cobraplc.com/
Subscribe to our news alert service:
https://investors.cobraplc.com/auth/signup
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
David Clarke
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Board Director
Director, Business Development and
Asset Marketing
|
|
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)
|
Volume(s)
|
|
1.299 pence
|
250,000
|
|
|
d)
|
Aggregated information
|
N/A (Single transactions)
|
|
e)
|
Date of the transaction
|
7 October 2024
|
|
f)
|
Place of the transaction
|
XLON
|
|
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)
|
Volume(s)
|
|
1.24 pence
|
350,000
|
|
|
d)
|
Aggregated information
|
N/A (Single transactions)
|
|
e)
|
Date of the transaction
|
4 October 2024
|
|
f)
|
Place of the transaction
|
XLON
|
|
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)
|
Volume(s)
|
|
1.229 pence
|
650,000
|
|
|
d)
|
Aggregated information
|
N/A (Single transactions)
|
|
e)
|
Date of the transaction
|
3 October 2024
|
|
f)
|
Place of the transaction
|
XLON
|