Rockfire Resources - Grant of Options

Rockfire Resources

27/02/2025 12:20

RNS Number : 7461Y

Rockfire Resources PLC

27 February 2025

 

27 February 2025

 

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 175,000,000 new ordinary shares in the Company (the "Ordinary Shares") have been granted to the Directors of Rockfire as part of their service agreements on 21 February 2025 at an exercise price of 0.25 pence per Ordinary Share.

 

This exercise price is double the mid-market closing price on 21 February 2025 of 0.12 pence, 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 20 February 2028.

 

The options granted will result in an increase from 57,000,000 to 232,000,000 in the number of outstanding options over Ordinary Shares, representing approximately 5.89% 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
50,000,000
0.25 pence
20 February 2028
65,000,000
Gordon Hart
50,000,000
0.25 pence
20 February 2028
65,000,000
Ian Staunton
25,000,000
0.25 pence
20 February 2028
34,000,000
Nicholas Walley
25,000,000
0.25 pence
20 February 2028
34,000,000
Patrick Elliott
25,000,000
0.25 pence
20 February 2028
34,000,000
Total
175,000,000
232,000,000

 

 

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

 

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)


 

 

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).

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Name
Position
1) Gordon Hart
2) David Price
3) Ian Staunton
4) Patrick Elliott
5) Nicholas Walley
Chairman
Chief Executive Officer
Non-Executive Director
Non-Executive Director
Non-Executive Director
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
50,000,000
0.25 pence
2) David Price
50,000,000
0.25 pence
3) Ian Staunton
25,000,000
0.25 pence
4) Patrick Elliott
25,000,000
0.25pence
5) Nicholas Walley
25,000,000
0.25 pence
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
21 February 2025
f)
Place of the transaction
Outside a trading venue

 

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