Business
Proposed placing to raise £3.0 million
Rockfire Resources plc has announced a proposed placing to raise £3.0 million by issuing 2,307,692,298 new ordinary shares at 0.13 pence per share, representing a discount to the previous day's closing price. The funds will be used to advance the Molaoi zinc/silver/lead project in Greece, including drilling to upgrade the resource category and establish a maiden JORC resource for germanium, and for general working capital. Significant subscriptions were made by ACAM LP for £500,000, Chairman Gordon Hart for £10,090, and Non-Executive Director Nicholas Walley for £39,910. The company has also appointed Oak Securities as a joint broker. Disclaimer*
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n12 December 2025\n \nRockfire Resources plc\n(\"Rockfire\" or the \"Company\" or the \"Group\")\n \nProposed placing to raise £3.0 million and appointment of joint broker\n \nRockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to announce that it has conditionally raised £3.0 million (before expenses) by way of a placing (the \"Placing\") of a total of 2,307,692,298 new ordinary shares of 0.1 pence each in the Company (the \"Placing Shares\") at a price of 0.13 pence per new Ordinary Share (the \"Issue Price\").\n \nThe allotment and admission of the Placing Shares is conditional, inter alia, upon the passing of resolutions to authorise such issues and allotments and disapply pre-emption rights (the \"Resolutions\") to be put to shareholders (the \"Shareholders\") at a general meeting of the Company (the \"General Meeting\") which is expected to be held in early January 2026, further details of which will be set out in the notice of general meeting (the \"Notice of GM\") which the Company intends to post to Shareholders early next week.\n \nACAM LP (\"ACAM\") have subscribed for 384,615,384 new Ordinary Shares representing a consideration of £500,000 and following the admission of the Placing Shares, will hold a 16.06% interest in the enlarged issued share capital of the Company.\n \nChairman and Director, Gordon Hart, has subscribed for 7,761,538 new Ordinary Shares at the Issue Price representing a consideration of £10,090 and following admission is expected to hold a 0.3% interest in the enlarged issu...