Rockfire Resources Issues Shares to Director in Lieu of Fees

An announcement from Rockfire Resources PLC ( (GB:ROCK) ) is now available.

Rockfire Resources plc has issued 9,821,438 new ordinary shares to Patrick Elliott, a Non-Executive Director, as compensation for his services from January to June 2024, instead of cash payments. This issuance reflects the company’s strategy to manage cash flow while aligning director interests with shareholder value. The shares, issued at different prices based on quarterly market values, will increase Elliott’s stake to approximately 1.66% of the company’s enlarged share capital. The move is expected to impact the company’s share capital structure and provide a reference point for stakeholders regarding shareholding notifications.

More about Rockfire Resources PLC

Rockfire Resources plc is a gold, base metal, and critical mineral exploration company with significant projects including a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland, Australia. The company focuses on developing its Molaoi deposit in Greece, which has a JORC Inferred Mineral Resource, and the Plateau deposit in Queensland, which is part of a joint venture with Sunshine Metals Ltd.

YTD Price Performance: -40.56%

Average Trading Volume: 64,946,909

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £4.43M

For an in-depth examination of ROCK stock, go to TipRanks’ Stock Analysis page.