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
|
