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Rockfire Resources PLC - Australia and Greece-focused base metal, gold, and critical mineral exploration company - Successfully raises £3.5 million through two new institutional investors subscribing for 700.0 million new shares at 0.5 pence per share. Net proceeds will be used to satisfy the initial $2 million consideration for the acquisition of 100% of Emirates Gold DMCC and 99% of Emperesse Bullion LLC from Paloma Precious DMCC via a share purchase agreement. The final consideration will be $18 million. On admission of the shares, the company’s issued share capital will consist of 2.54 billion shares. Current stock price: 0.37 pence 12-month change: up 22% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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