Rockfire Resources (LON:ROCK) Change of Adviser & Directorate Change

Change of Adviser

Rockfire Resources plc (LON: ROCK), the Queensland gold and copper-focused resources company, announces the appointment of Allenby Capital Limited as Nominated Adviser to the Company, with immediate effect.

First Equity Limited will continue to act as broker to 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”.

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

 

 

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