Business
Result of Subscription to raise £3.5 million
Result of Subscription to raise £3.5 million.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL (OR TO ANY PERSONS IN ANY OF THOSE JURISDICTIONS).\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ROCKFIRE RESOURCES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ROCKFIRE RESOURCES PLC.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO.596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n \n20 September 2023\n \nRockfire Resources plc\n \n(\"Rockfire\" or the \"Company\")\n \nResult of Subscription to raise £3.5 million\n \nFurther to the announcement (the \"Earlier Announcement\") released by the Company on 15 September 2023 Rockfire Resources plc (LON: ROCK), the gold, base metal and critical mineral exploration company, is pleased to announce that it has successfully raised £3.5 million (before expenses), through two new institutional investors (the \"Institutional Investors\") subscribing for 700,000,000 new ordinary shares (the \"Subscription Shares\") at a price of 0.5 pence per share (the \" Subscription Price\"). The net proceeds of the Subscription will be used to: (i) satisfy the Initial Consideration for the acquisition of Emirates Gold DMCC and Emperesse Bullion LLC; (ii) contribute towards the costs associated with the Transaction; (iii) continue drilling at the Molaoi zinc, silver, lead and germanium project in Greece; and (iv) fund the working capital requirements within the Company.\n \nThe Subscription Shares will, when issued, be credited as fully paid and rank pari ...