LONDON - Rockfire Resources plc (LON: ROCK), a company engaged in the exploration of base metals, precious metals, and critical minerals, has announced the grant of share options to its directors as part of their service agreements. The options, amounting to 175,000,000 new ordinary shares, were granted at an exercise price of 0.25 pence per ordinary share, which is above the mid-market closing price from Monday of the prior week.
The options were issued immediately and come with a three-year term, expiring on February 20, 2028, if not exercised. This grant has increased the total number of outstanding options to 232,000,000, which is about 5.89% of the company’s issued share capital.
The granted options are distributed among five directors, with David Price, the Chief Executive Officer, and Gordon Hart, the Chairman, each receiving 50,000,000 options. Non-Executive Directors Ian Staunton, Patrick Elliott, and Nicholas Walley were each granted 25,000,000 options.
Rockfire Resources, listed on the London Stock Exchange (LON:LSEG), has significant projects in its portfolio, including the high-grade Molaoi zinc/lead/silver/germanium deposit in Greece and various gold/copper/silver projects in Queensland, Australia. One of its notable projects in Queensland, the Plateau deposit, holds a JORC Inferred resource of 131,300 ounces of gold and 800,000 ounces of silver and is part of a joint venture with Sunshine Metals Ltd (ASX:SHN).
This announcement is based on a press release statement and is intended to inform shareholders and the market about the recent developments within the company’s management structure.
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