REG - Rockfire Resources - Grant of Share Options

Rockfire ResourcesAnnouncement

23/12/2024 11:15

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RNS Number : 1413R  Rockfire Resources PLC  23 December 2024

23 December 2024

 

Rockfire Resources Plc

("Rockfire" or the "Company" or the "Group")

 

Grant of Share Options

 

Rockfire Resources plc (LON: ROCK), the base metal, precious metal and
critical mineral exploration company, announces that options to subscribe for
57,000,000 new ordinary shares in the Company (the "Ordinary Shares") were
granted on 19 December 2024 to the Directors at an exercise price of 0.32
pence per Ordinary Share, being the double the mid-market closing price on 19
December 2024 of 0.155 plus 0.01 pence, in accordance with the terms of the
Directors' service agreements. The options have a term of three years and any
unexercised options will expire at midnight on 19 December 2027.

 

The options granted will result in an increase from 0 to 57,000,000 in the
number of outstanding options over Ordinary Shares, representing approximately
1.45% of the Company's issued share capital.

 

The options vested immediately upon issue.

 

The grants made are as follows:

 

 Directors        No. of options  Exercise price  Option expiry date  Total no. of options now held
 David Price      15,000,000      0.32 pence      19 December 2027    15,000,000
 Gordon Hart      15,000,000      0.32 pence      19 December 2027    15,000,000
 Ian Staunton     9,000,000       0.32 pence      19 December 2027    9,000,000
 Nicholas Walley  9,000,000       0.32 pence      19 December 2027    9,000,000
 Patrick Elliott  9,000,000       0.32 pence      19 December 2027    9,000,000
 Total            57,000,000                                          57,000,000

 

 

For further information on the Company, please
visit www.rockfireresources.com (http://www.rockfireresources.com/)  or
contact the following:

 

 Rockfire Resources plc:                                       info@rockfire.co.uk (mailto: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)

 

 

Notes to Editors

 

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral
exploration company, with a high-grade zinc/lead/silver/germanium deposit in
Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

 

The Molaoi deposit in Greece has a JORC Inferred Mineral Resource of 15
million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag, for 1.09 million tonnes
of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver.

 

The Plateau deposit in Queensland has a JORC Inferred resource of 131,300
ounces of gold and 800,000 ounces of silver. Plateau is subject to a joint
venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).

 

The Copperhead porphyry deposit in Queensland has a JORC resource of 80,000
tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million ounces of silver.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name                       Position
                                                                   1)    Gordon Hart          Chairman

                                                                                              Chief Executive Officer

                                                                   2)    David Price          Non-Executive Director

                                                                                              Non-Executive Director

                                                                   3)    Ian Staunton         Non-Executive Director

                                                                   4)    Patrick Elliott

                                                                   5)    Nicholas Walley
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Rockfire Resources plc
 b)   LEI                                                          213800THSZQSFKTXOI24
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 0.1 pence each in Rockfire Resources plc

      Identification code                                           GB00B42TN250
 b)   Nature of the transaction                                    Grant of options over ordinary shares
 c)   Price(s) and volume(s)                                       Name                       Volume(s)   Price(s)
                                                                   1)    Gordon Hart         15,000,000   0.32 pence
                                                                   2)    David Price         15,000,000   0.32 pence
                                                                   3)    Ian Staunton        9,000,000    0.32 pence
                                                                   4)    Patrick Elliott     9,000,000    0.32 pence
                                                                   5)    Nicholas Walley     9,000,000    0.32 pence
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      19 December 2024
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

a)

Name

Rockfire Resources plc

b)

LEI

213800THSZQSFKTXOI24

4

 

Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Identification code

Options over ordinary shares of 0.1 pence each in Rockfire Resources plc

 GB00B42TN250

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 Name                       Volume(s)   Price(s)
 1)    Gordon Hart         15,000,000   0.32 pence
 2)    David Price         15,000,000   0.32 pence
 3)    Ian Staunton        9,000,000    0.32 pence
 4)    Patrick Elliott     9,000,000    0.32 pence
 5)    Nicholas Walley     9,000,000    0.32 pence

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

19 December 2024

f)

Place of the transaction

Outside a trading venue

 

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