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David Price, CEO of Rockfire Resources says the new funds raised from their subscription will strengthen the company's balance sheet and help to facilitate their planned geophysical survey and initial drilling programme at Molaoi.
Highlights
Rockfire Resources plc, the gold and base metal exploration company, is pleased to announce that it has successfully raised £375,000, before expenses, through a UK institutional investor subscribing for 240,000,000 at a price of 0.125 pence per share and certain Rockfire employees, including a number of Directors and a member of senior management subscribing for an aggregate of 60,000,000 new Ordinary Shares at the Issue Price. In total 300,000,000 new Ordinary Shares have been issued pursuant to the Subscription.