Trump announces trade deal with EU following months of negotiations
LONDON - Rockfire Resources plc (LON: ROCK), a company specializing in the exploration of base metals, precious metals, and critical minerals, has announced a retail offer of new ordinary shares for its existing retail shareholders in the United Kingdom (TADAWUL:4280). The offer is facilitated through CMC CapX and is part of a broader fundraising initiative that includes a separate placing aimed to raise £660,000 before expenses.
The company's retail offer, which opened today, allows eligible shareholders to participate in the growth of Rockfire by purchasing new ordinary shares at an issue price of 0.12p each. The offer is scheduled to close at 5 p.m. on Thursday, December 10, 2024, with the possibility of an earlier closure at the company's discretion. The results of the retail offer are expected to be announced the following morning.
Participation in the retail offer is restricted to retail shareholders who were company shareholders prior to today's announcement, are residents in the United Kingdom, and are customers of a participating financial intermediary. A minimum subscription of £250 per investor is set, and terms and conditions, including any commission or fee charges, will be provided by the relevant financial intermediaries.
The retail offer and the concurrent placing are contingent upon the admission of the fundraising shares to trading on the AIM market of the London Stock Exchange (LON:LSEG), anticipated to occur around 8 a.m. on December 16, 2024. The retail offer shares, upon issuance, will rank equally with the existing ordinary shares, including rights to dividends and distributions.
Rockfire Resources has noted that the retail offer shares will be credited as fully paid and will be transferable. The offer is designed to comply with UK regulations, ensuring that the company is exempt from the requirement to issue a prospectus. The retail offer is exclusively available within the United Kingdom and is not being extended to other jurisdictions.
Investors are advised to conduct their due diligence and are reminded that investments carry risks, including the potential loss of capital and fluctuation in the value of investments. The company has emphasized that past performance should not be seen as an indicator of future results.
This fundraising effort is based on a press release statement by Rockfire Resources plc and aims to provide existing shareholders with an opportunity to increase their investment in the company under specific terms and conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.