Rockfire Resources PLC Directorate Change (4309L)

TIDMROCK

RNS Number : 4309L

Rockfire Resources PLC

24 December 2018

24 December 2018

Rockfire Resources plc

("Rockfire" or "the Company")

Directorate Change

Rockfire Resources plc (LON: ROCK), the Queensland copper and gold-focused resource company, is pleased to announce the appointment of Mr Ian Staunton as a Non-Executive Director of Rockfire, effective immediately. Mr Staunton has worked in the City of London for more than 40 years, in roles including Audit Partner, Corporate Finance Partner and Equity Partner in various accounting firms.

Mr Staunton is a qualified Chartered Accountant, a Fellow of the Institute of Chartered Accountants and has a Diploma in Corporate Finance. Having worked as Equity Partner and Head of Capital Markets for Chantrey Vellacott DFK LLP and a Senior Equity Partner for Moore Stephens during the last 25 years, Ian provides Rockfire with a strong level of accounting and audit experience. Such high-level accounting, audit and compliance capability fulfils Rockfire's ambition to broaden its corporate skill base and to bring relevant experience from London onto the board. Mr Staunton will chair the Company's Audit Committee.

David Price, Chief Executive Officer of Rockfire Resources, commented;

"Mr Staunton is just the high-calibre person we have been seeking, in order to strengthen our board skills with London-based knowledge, integrity and experience. As a former auditor, Mr Staunton provides Rockfire with extensive accounting and audit knowledge and adds to the already-strong integrity and experience of the Rockfire Board. We welcome Ian and look forward to working together to build a successful and outstanding company".

Regulatory Disclosures

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, Ian Bernard Staunton, aged 62, is, or has been within the last five years, a director or partner in the following companies and partnerships:

 
 Current directorships and partnerships   Past directorships and partnerships 
                                           held within the last five years 
 Counterbooks Investments LLP             Moore Stephens LLP 
  RSH Realisations LLP 
 

There is no other information with regards to the appointment of Ian Staunton that is required to be disclosed under the AIM Rules for Companies.

As announced by Rockfire on 17 September 2017 David Price, Chief Executive Officer of the Company, was a director of ASX-listed Convergent Minerals Limited ("Convergent"), a mineral exploration company, when it entered voluntary administration on 30 October 2015. At that time, Mr Price had overseen the exploration, Scoping Study, Pre-feasibility Study, Feasibility Study and Permitting stages of the Mt Holland Gold Project in Western Australia. The independent, third-party company which had been mandated to secure Project Finance failed to secure the finance, resulting in Convergent and its subsidiaries entering Voluntary Administration. In addition to Convergent, and in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, Mr. Price confirms he was also a director of both of Convergent's wholly-owned subsidiary companies, AFL Resources Pty Limited and NQ Metals Pty Limited, which entered voluntary administration at the same time on 22 December 2015. A Deed of Company Arrangement was subsequently entered into and Convergent and its two subsidiaries came out of administration on 14 January 2016.

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 
Rockfire Resources plc                         Email: [e-mail] 
 David Price, Chief Executive Officer 
 
Allenby Capital Limited                        Tel: [phone] 
 (Nominated Adviser) 
 John Depasquale / Nick Athanas / Asha Chotai 
First Equity Limited                           Tel: [phone] 
 (Broker) 
Jason Robertson 
 

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 [e-mail] or visit www.rns.com.

END

BOABGBDDCGDBGIS

(END) Dow Jones Newswires

December 24, 2018 07:05 ET (12:05 GMT)