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Rockfire Resources deploys new funds across multiple projects

Rockfire Resources PLC (LON:ROCK) recently raised £500,000 through the placing of 58.8mln new shares at a price of 0.85p each, with a 1-for-1 attaching warrant exercisable at 1.5p. Rockfire's Chief Executive David Price tells Proactive London why the raising took place and how the funds will be deployed across multiple projects, including their significant Double Event prospect at the Lighthouse tenement in Queensland, Australia where the exploration firm said it had found “very high” gold-in-soil results of up to 0.23 grams per tonne (g/t) of gold, with 5 samples exceeding 0.1g/t of gold. News here too on one particular acquisition that has caught Price's eye and a walk through Rockfire's ambitious two-pronged growth strategy for 2019.

Quick facts: Rockfire Resources PLC

Price: 0.7475 GBX

LSE:ROCK
Market: LSE
Market Cap: £6.22 m
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