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Rockfire Resources - Exercise of warrants and issue of equity

RNS Number : 1805X
Rockfire Resources PLC
17 December 2019

17 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, is pleased to announce that it has made application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 12,333,333 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 19 December 2019.


David Price, Chief Executive Officer of Rockfire, commented:

"To see the exercise of warrants is pleasing, as this provides additional working capital for our on-going exploration plans. To date, the Company has received £278,000 from the exercise of warrants - money which will be used for further drilling at Plateau."


"I would like to thank our shareholders for their continued support of the Company and for showing a high level of confidence in where we plan to take Rockfire in the future."



Total Voting Rights

On Admission, the issued share capital of the Company will consist of 580,141,178 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 580,141,178. 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.




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Quick facts: Rockfire Resources PLC

Price: 0.575

Market: LSE
Market Cap: £3.64 m

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