Result of Retail Offer & Result of Fundraise
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Rockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to confirm, further to the announcements made on 16 September 2024, the result of its Fundraise at the Issue Price of 0.1 pence per share. The Company announces that it has raised aggregate gross proceeds of £81,754 pursuant to the Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 81,754,000 new Ordinary Shares at the Issue Price pursuant to the Retail Offer.
In total, the Placing and Subscription and the Retail Offer have raised gross proceeds of approximately £0.53 million for the Company, via the Placing and Subscription of 450,000,000 Placing and Subscription Shares and the 81,754,000 Retail Offer Shares.
Significant shareholdings
As a result of the issue of the Fundraise Shares, the Company is aware of the following revised interests of Significant Shareholders (as defined in the AIM Rules for Companies) in the Company:
| Shareholder | Number of Ordinary Shares held following Admission | Percentage of share capital held following Admission |
|---|---|---|
| Rostra Holdings Pte Ltd | 480,000,000 | 15.55% |
| TPM Middle East Dubai DMCC | 312,000,000 | 10.10% |
| The Wonderful Group | 308,000,000 | 9.98% |
Admission and Total Voting Rights
Application has been made for the 531,754,000 Fundraise Shares to be admitted to trading on AIM ("Admission") and the date on which Admission is expected to become effective is on or around 24 September 2024.
Upon Admission, the Company's issued ordinary share capital will consist of 3,087,620,625 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 3,087,620,625. With effect from Admission, 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 09:09 on 16 September 2024.
| 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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