Retail Offer
Rockfire launching £660,000 placing and retail offer of new shares at 0.12p per share.
- Placing amount £660,000 before expenses
- Placing shares 550,000,000 ordinary shares
- Issue price 0.12p per share
- Minimum retail subscription £250 per investor
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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 to raise £660,000 before expenses (the "Placing"), consisting of a total of 550,000,000 new Ordinary Shares (the "Placing Shares" and together with the Retail Offer Shares, the "Fundraising Shares"). The price of the Fundraising Shares is 0.12p (the "Issue Price").
A separate announcement has been made regarding the Placing and its terms (the "Placing Announcement"). For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing. 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 Announcement.
The Retail Offer and Placing 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 16th December 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.
The Retail Offer
The Retail Offer is expected to close by 5p.m. on 10th December 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, 6 th December |
| Retail Offer closes | 5pm, 10 th December |
| Announcement of the results of the Retail Offer | 7am, 11 th December |
| Admission of the Retail Offer Shares and crediting of CREST accounts | 8am on or around 16 th December |
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
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.