Retail Offer
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Rockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to announce an offer to its existing retail shareholders via CMC CapX (the "Retail Offer") of new ordinary shares of 0.1p each in the capital of the Company (the "Retail Offer Shares").
In addition to the Retail Offer, the Company is also conducting a placing and subscription to raise £0.45 million before expenses (the "Placing and Subscription"), consisting of a total of 440,000,000 new Ordinary Shares (the "Placing and Subscription Shares" and together with the Retail Offer Shares, the "Fundraising Shares"). The price of the Fundraising Shares is 0.1p (the "Issue Price").
A separate announcement has been made regarding the Placing and Subscription and its terms (the "Placing and Subscription Announcement"). For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing and Subscription. It is proposed that the net proceeds of the Retail Offer will be generally applied towards Rockfire 's indicative use of funds as indicated in the Placing and Subscription Announcement.
The Retail Offer, Placing and Subscription are conditional on, the Fundraising Shares being admitted to trading on the AIM market operated by London Stock Exchange plc ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 24 September 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription.
The Retail Offer
The Retail Offer is expected to close by 5p.m. on 18th September 2024, but the Company reserves the right to close it earlier. Eligible Shareholders should note that financial intermediaries may also have earlier closing times.
Expected timetable
| Retail Offer opens | 8am, 17 th September |
| Retail Offer closes | 5pm, 18 th September |
| Announcement of the results of the Retail Offer | 7am, 19 th September |
| Admission of the Retail Offer Shares and crediting of CREST accounts | 8am on or around 24 th September |
There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
The Retail Offer is not being made into any jurisdiction other than the United Kingdom.
| Rockfire Resources plc : | info@rockfire.co.uk |
| David Price, Chief Executive Officer | |
| Allenby Capital Limited (Nominated Adviser & Broker): | Tel: +44 (0) 20 3328 5656 |
| John Depasquale / George Payne (Corporate Finance) | |
| Guy McDougall / Kelly Gardiner (Sales and Corporate Broking) | |
| Retail Offer | capx@cmcmarkets.com |
| CMC CapX | Tel: +44 (0) 20 3003 8632 |
The Company's LEI is 213800THSZQSFKTXOI24
UK Product Governance Requirements
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