Result of Retail Offer & Result of Fundraise
Raised £1.02 million gross via placing and retail offer of 850 million shares at 0.12p.
- Gross proceeds from Fundraise £1.02 million
- Placing shares issued 550,000,000
- Retail offer shares issued 300,000,000
- Issue price 0.12 pence per share
- Total ordinary shares post-admission 3,937,620,625
- Retail offer subscription 5 times oversubscribed
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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 6 December 2024, the result of its Fundraise at the Issue Price of 0.12 pence per Ordinary Share. The Retail Offer was five times oversubscribed, however to satisfy shareholder demand the Company will be issuing a total of 300,000,000 new Ordinary Shares at the Issue Price pursuant to the Retail Offer. Accordingly, the Company announces that it has raised aggregate gross proceeds of £360,000 pursuant to the Retail Offer, alongside the previously announced Placing.
In total, the Placing and the Retail Offer have raised gross proceeds of approximately £1.02 million for the Company, via the Placing of 550,000,000 Placing Shares and the Retail Offer of 300,000,000 Retail Offer Shares.
The Directors intend for the net proceeds of the Fundraise to be used, in conjunction with Rockfire's existing available cash, to continue development of the Company's Molaoi zinc/silver/lead/germanium project in Greece. Proceeds will also be used to fund on-going working capital requirements within the Company.
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 | 12.19% |
| TPM Middle East Dubai DMCC | 312,000,000 | 7.92% |
| The Wonderful Group | 308,000,000 | 7.82% |
Admission and Total Voting Rights
Application has been made for the 850,000,000 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 16 December 2024.
Upon Admission, the Company's issued ordinary share capital will consist of 3,937,620,625 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 3,937,620,625. 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 announcements released at 07:00 on 6 December 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
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.