REG - Rockfire Resources - Issue of Fee Shares & Director/PDMR Shareholding

Rockfire ResourcesAnnouncement

24/01/2024 13:00

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RNS Number : 8053A  Rockfire Resources PLC  24 January 2024

24 January 2024

Rockfire Resources plc

("Rockfire" or the "Company")

 

Issue of Fee Shares

Director/PDMR Shareholding

Rockfire Resources plc (LON: ROCK), the base metal, gold, and critical mineral
exploration company, announces that 11,319,332 new ordinary shares in the
Company (the "Fee Shares") have been issued to Patrick Elliott for his
services as Non-Executive Director of the Company for the period 1 January
2023 to 31 December 2023, in lieu of director and committee fees.

 

The Fee Shares are being issued in accordance with the service agreement
between Patrick Elliott and the Company, whereby he agreed to accept his
annual remuneration as new ordinary shares in the Company. Under the terms of
his service agreement, the shares become due at the end of each quarter and
will be allotted by the Board on an ad-hoc basis.

 

This issue of 3,549,773 shares includes his director's remuneration for the
period 1 January 2023 to 31 March 2023, plus his fees payable as a member of
the Audit and Remuneration committees for that quarter. The issue price is
£0.0022 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

This issue of 2,366,515 shares includes his director's remuneration for the
period 1 April 2023 to 30 June 2023, plus his fees payable as a member of the
Audit and Remuneration committees for that quarter. The issue price is
£0.0033 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

This issue of 2,327,465 shares includes his director's remuneration for the
period 1 July 2023 to 30 September 2023, plus his fees payable as a member of
the Audit and Remuneration committees for that quarter. The issue price is
£0.0037 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

This issue of 3,075,579 shares includes his director's remuneration for the
period 1 October 2023 to 31 December 2023, plus his fees payable as a member
of the Audit and Remuneration committees for that quarter. The issue price is
£0.0028 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

Application has been made for the admission of the 11,319,332 Fee Shares to
trading on AIM ("Admission").  It is anticipated that Admission will become
effective on or around 8.00 a.m. on 30 January 2024.

 

On Admission, Patrick Elliott will have an interest in 58,670,323 shares,
representing approximately 2.30 per cent. of the issued share capital of the
Company, as enlarged by the Fee Shares. The FCA notification, made in
accordance with the requirements of the UK Market Abuse Regulation, is
appended below.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares and voting rights in
the Company will be 2,555,866,625. The Company does not hold any shares in
treasury. From Admission, the above figure may be used by shareholders 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 pursuant to the FCA's Disclosure Guidance and
Transparency Rules.

 

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

 Gordon Hart, Chairman

 Allenby Capital Limited (Nominated Adviser & Broker):       Tel: +44 (0) 20 3328 5656
 John Depasquale / George Payne (Corporate Finance)
 Matt Butlin / 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 Resource of 2.3
million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq. This resource uses a
4% low-grade cut, with individual elemental grades of 9.4 % Zn, 1.7 % Pb and
47 g/t Ag. This equates to 210,000 tonnes of zinc, 39,000 tonnes of lead and
3.5 million ounces of silver.

 

·    The Plateau deposit in Queensland has a JORC resource of 131,000
ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000
of these ounces lie within the top 100m from surface. Plateau is subject to a
joint venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Patrick Elliott
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director
 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  Ordinary Shares of 0.1p each

       Identification code

                                                                   Identification code (ISIN) for Rockfire Resources plc ordinary shares:

GB00B42TN250

 b)   Nature of the transaction                                    Issue of ordinary shares in consideration of payment of director fees

 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   £0.0022     3,549,773
                                                                   £0.0033     2,366,515
                                                                   £0.0037     2,327,465
                                                                   £0.0028     3,075,579

 
 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price
 e)   Date of the transaction                                      24 January 2024

 f)   Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

As above

e)

Date of the transaction

24 January 2024

 

f)

Place of the transaction

Outside a trading venue

 

 

 

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