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Exercise of warrants and issue of equity

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RNS Number : 5545W
Rockfire Resources PLC
11 December 2019
 

11 December 2019

Rockfire Resources plc

("Rockfire" or the "Company")

 

Exercise of warrants and issue of equity

 

Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer, announces that it has made application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 15,254,902 new ordinary shares of 0.1p each in the Company ("New Ordinary Shares"). The New Ordinary Shares are being issued pursuant to the exercise of warrants to subscribe for Ordinary Shares.

 

The New Ordinary Shares rank pari passu in all respects with the Company's existing ordinary shares and Admission is expected to become effective on 16 December 2019.

 

David Price, Chief Executive Officer of Rockfire, commented:

"We would like to thank our investors for their continuing support of Rockfire and we are delighted that 15,254,902 warrants have been exercised. The additional working capital provided further strengthens the Company and provides additional means with which to aggressively pursue our business plans."

 

Total Voting Rights

On Admission, the issued share capital of the Company will consist of 567,807,845 Ordinary Shares, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 567,807,845. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 

Rockfire Resources plc

David Price, Chief Executive Officer

 

[email protected]

 

 

 

Allenby Capital Limited (Nominated Adviser)

Tel:  +44 (0) 20 3328 5656

John Depasquale / Asha Chotai

 

 

 

SI Capital Ltd

Tel:  +44 (0) 14 8341 3500

Nick Emerson

 

 

About Rockfire Resources

Rockfire Resources is a mineral exploration company exploring for precious and base metals in Australia. Rockfire owns each of its exploration licences 100% and is an active and aggressive explorer.

 

The minerals targeted by Rockfire include gold, copper, silver and zinc, of which the company has multiple prospects and targets in Queensland, Australia. Rockfire has a portfolio of projects which are within trucking distance of operating gold mines, which may provide opportunity for toll treatment of any future resources identified.

 

The Company has adopted a strategy of growth based on advancing exploration on its existing portfolio of projects, as well as a continual assessment of quality opportunities to acquire outstanding mineral projects worldwide.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Rockfire Resources PLC

Price: 1.075

Market: LSE
Market Cap: £6.77 m
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