Rockfire Resources PLC Response to UK sanction on Paloma Precious DMCC (8338S)
08 Novembro 2023 - 1:13PM
UK Regulatory
TIDMROCK
RNS Number : 8338S
Rockfire Resources PLC
08 November 2023
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information for the purposes of Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310. With the publication of
this announcement, this information is now considered to be in the
public domain.
8 November 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Response to UK sanction on Paloma Precious DMCC
Rockfire Resources plc (LON: ROCK), the gold, base metal and
critical mineral exploration company, notes the announcement made
today by the Foreign, Commonwealth & Development Office
("FCDO"), a department of the Government of the United Kingdom (the
UK Government"), imposing sanctions on Paloma Precious DMCC
("Paloma") and 28 other individuals and entities (the
"Sanctions").
On 15 September 2023, Rockfire announced the execution of a
conditional share purchase agreement (the "Agreement") with Paloma
for the acquisition of 100% of Emirates Gold DMCC ("Emirates") and
99% of Emperesse Bullion LLC ("Emperesse") (Emirates and Emperesse
are together the "Targets") (the "Transaction"). The Transaction
would constitute a reverse takeover ("RTO") under the AIM Rules for
Companies (the "AIM Rules") and thus the Transaction is conditional
on approval of shareholders of the Company at a general meeting and
the publication of an AIM admission document. On signing of the
Agreement, Rockfire acquired 10% of the Targets and conditionally
agreed to acquire the remaining 90% of the Targets, which is still
currently owned by Paloma, on completion of the Transaction.
On 22 September 2023, Paloma notified the Company via a TR-1
form that, on 20 September 2023, it had sold its entire interest of
400,000,000 ordinary shares of 0.1 pence each in the capital of the
Company (the "Ordinary Shares") in an off-market transaction (the
"Disposal"). Following the Disposal, Paloma had and still has no
interest in Rockfire's issued share capital.
In light of the Sanctions announced today by the UK Government,
the Company is taking urgent legal in order to determine the impact
on the Transaction. A further announcement will be made in due
course.
The person responsible for arranging the release of this
announcement on behalf of the Company is David Price, Chief
Executive Officer of the Company.
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
Gordon Hart, Chairman
Allenby Capital Limited (Nominated Adviser Tel: +44 (0) 20
& Broker): 3328 5656
John Depasquale / George Payne (Corporate
Finance)
Matt Butlin / 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 resource of 210,000
tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of
silver, using a 4% Zn cut off.
-- The Plateau deposit in Queensland has a JORC resource of
131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t
Au cut off. 53,000 of these ounces lie within the top 100m from
surface.
-- The Copperhead deposit in Queensland has a JORC resource of
80,000 tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million
ounces of silver, using a 0.13% CuEq. cut off.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RSPBLBDBGBGDGXI
(END) Dow Jones Newswires
November 08, 2023 11:13 ET (16:13 GMT)
Rockfire Resources (AQSE:ROCK.GB)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Rockfire Resources (AQSE:ROCK.GB)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024