Cobra Resources PLC (LON:COBR) Publication of Prospectus and Placing of Shares

Publication of Prospectus, Admission to Trading on the London Stock Exchange and Placing

The Company is pleased to announce today the publication of its Prospectus in relation to the admission of 135,000,000 ordinary shares of nominal value 1 pence each (the “Ordinary Shares”) to listing on the standard segment of the Official List of the FCA (under Chapter 14 of the Listing Rules of the FCA) and to trading on the Main Market of the London Stock Exchange (together, “Admission”).

It is expected that Admission will become effective and that dealings will commence at 8 a.m. on 15 November 2018.

In addition, the Company is pleased to announce that it has raised £323,500 (net of expenses) pursuant to a placing (the “Placing”) of 34,900,000 Ordinary Shares (the “Placing Shares”) at a price of 1.5 pence per Placing Share.

Following the issue of the Placing Shares, which represent approximately 140% of the Company’s existing issued ordinary share capital and approximately 52% of the issued share capital of the Company as enlarged by the Placing, the Company will have 67,233,532 Ordinary Shares in issue.

The Ordinary Shares are registered with ISIN GB00BGJW5255, SEDOL code BGJW525 and TIDM COBR, and the Company’s LEI is 213800XTW5PLLK72TQ57.

Hard copies of the Prospectus will be available during normal business hours from the Company’s registered office at Suite A, 6 Honduras Street, London EC1Y 0TH and the offices of Cooley (UK) LLP at Dashwood, 69 Old Broad Street, London EC2M 1QS, and will be made available online at (subject to applicable securities laws).

An electronic copy of the Prospectus will also be submitted to the National Storage Mechanism and should be available shortly for inspection at


· The Company has been formed to make acquisitions of tenements and exploration projects in the natural resources sector without any geographical restriction. The Company intends to initially focus on potential acquisition opportunities in Australia and Africa but is not limited to these jurisdictions.

· Although a number of potential acquisition opportunities have been identified, the Company does not have any specific acquisition under consideration and does not expect to engage in substantive negotiations with any target company or business in the natural resources sector until after Admission.

· Following completion of any acquisition, the objective of the Company will be to exploit-operate the acquired project and implement a strategy with a view to generating value for its shareholders.


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