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Pin to quick picksCobra Resource. Share News (COBR)

Share Price Information for Cobra Resource. (COBR)

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Share Price: 1.10
Bid: 1.05
Ask: 1.15
Change: -0.025 (-2.22%)
Spread: 0.10 (9.524%)
Open: 1.125
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Low: 1.10
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Cobra Resources Raises GBP677,000 By Placing For Working Capital

Fri, 08th May 2020 14:47

(Alliance News) - Cobra Resources PLC said Thursday it has raised GBP677,145 through a placing of shares, which will go towards working capital purposes.

The Wudinna gold project owner issued 30.1 million shares at a price of 2.25 pence each, representing a 23% discount to its closing price on Wednesday of 2.95p.

Shares in Cobra Resources closed 18% lower at 2.42 pence on Thursday in London.

Peterhouse Capital acted as joint broker for the bookbuild process, which was not underwritten.

"It was pleasing to see this raise oversubscribed demonstrating the growing support for the company in the UK capital markets. We look forward to updating the market in the coming weeks on the results of the stage two exploration programme at Wudinna," said Managing Director Craig Moulton.

Following the issue, Cobra Resources now has 185.6 million shares issued overall.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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5 Dec 2022 13:05

IN BRIEF: Cobra Resources expects results at Wudinna within weeks

Cobra Resources PLC - South Australia-focused gold, rare earth, and iron-oxide-copper-gold explorer - Completes 800 metres of reverse circulation drilling at its Wudinna project in South Australia, since the drilling programme began in mid-October. Results from the programme are expected within the next six weeks and will contribute towards an expanded gold mineral resource estimate. Also expects the results will highlight the "value-add potential" that rare earths provide to the project. Says its maiden rare earths mineral resources estimate remains on track for this month.

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IN BRIEF: Cobra Resources shares rise on drill results from Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Receives results from the remaining 32 holes that were drilled as party of an extensive drill programme in June at its Wudinna project. Identifies high-grade rare earth mineralisation. Says it expects further 750 assays from 76 historic drill holes. Expects the results to be released in September.

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2 Sep 2022 11:32

Cobra Resources appoints Chief Executive Rupert Verco as director

(Alliance News) - Cobra Resources PLC on Friday said it has appointed Chief Executive Rupert Verco as a director of the company with immediate effect.

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31 Aug 2022 20:47

IN BRIEF: Cobra finds high grade clay hosting rare earths at Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Following further tranche of assays from 23 holes in 91-hole, 4,000 metre drilling programme at the Wudinna project in Australia, discovers exceptional high-grade clay hosting rare earths above gold mineralisations.

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16 Aug 2022 17:59

IN BRIEF: Cobra Resources intersects gold, rare earths at Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Following the drilling of 29 holes as part of the 91-hole, 4,000 metre aircore drilling programme at the Wudinna project in Australia, the company discovers further along-strike gold mineralisation, as well as target-generating gold in saprolite, which has been defined across broad zones north of existing mineralisation.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Jun 2022 11:17

IN BRIEF: Cobra Resources secures government funding for gold project

Cobra Resources PLC - Wudinna gold project in South Australia - Secures AUD73,250 of funding from the South Australian State Government to advance exploration and subsequent resource definition at the Clarke prospect in South Australia. Company says gold mineralisation has been defined across 400 metres of strike. Mineralisation at Clarke sits outside of the project's existing 211,000-ounce gold resource.

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22 Jun 2022 11:11

IN BRIEF: Cobra Resources wins South Australia government funding

Cobra Resources PLC - London-based exploration and resource development company focused on South Australia - Secures AUD73,250, around USD50,567, of funding from the South Australia state government to advance exploration and subsequent resource definition at its Wudinna project. Gold mineralisation has been defined across 400 metres of strike at the Clarke prospect on the project, which is near Adelaide. This mineralisation sits outside of the project's existing 211,000 ounce gold resource.

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20 Jun 2022 11:57

IN BRIEF: Cobra Resources discovers high-grade intersection at Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Identifies "exceptional" high-grade rare earth element intersections within saprolite clays at several regional targets at the stage 4 reanalysis of a further 78 drill holes from its Wudinna project in Australia. Says that a number of the prospects yielding high-grade rare earth intersections will be tested within its current aircore drilling programme. Adds that the high-grade intersections occur along a 47-kilometre structural trend across the project's 1,832 square kilometres.

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