IamFire plc, is an investment vehicle listed on the AQSE Growth Exchange focused on Oil, Gas & Precious Metals

About Us

IamFire plc is an investment vehicle listed on the AQSE Growth Market, which is focused on the oil and gas, and base and precious metals sectors. The Company’s remit is to invest in, or acquire a company or assets within these sectors through direct investment, or through acquiring all or part of an existing or newly formed company.

Directors' Criteria

The Directors’ main criteria when seeking suitable opportunities are that:

1) Via an injection of new finances or specialist management, the target Company can enhance its prospects and therefore its future value.

2) The investment target has the potential for rapid and sustainable growth.

3) The investment target already has a proven business model which is expected to provide attractive returns on capital.

Board of Directors

Burns Singh Tennent-Bhohi

CEO / Director

Mr Tennent-Bhohi is the founder & CEO of The Glenpani Group, an international private venture capital business based in London/UK. Glenpani’s isolated focus is the evaluation and augmentation of distressed-asset opportunities and private-transaction/investment origination. Glenpani Group cornerstone-invest, originate transactions and provide corporate consultancy to international companies both private and public including; AQSE, AIM, TSX-V, CSE & ASX.

Burns assumes a number of Directorships on both private and public companies and current listed appointments include; Forum Energy Metals Corp. (TSX-V: FMC), in 2019 FMC executed a $30,000,000 project earn-in agreement with Rio Tinto on its Janice Lake sedimentary copper project and a $6,000,000 project earn-in with Orano, Burns is also on the Board of, Eurocann International plc (AQSE: BUD).

Highly active in North American capital markets, Burns is also the founder of, LC, a specialised private investment vehicle that syndicates and connects global capital investment for private transaction origination & pre-IPO opportunities.

Glenpani Group maintains a deep international network that includes corporate brokers/financiers, investment bankers, merchant banks, UHNWIs, project-level financiers, asset-banks and technical teams. Burns graduated from the University of Glasgow with a degree in Economics/Social Sciences.

Jeremy Ross

Director

Jeremy Ross has over 20 years of experience in capital markets and marketing for small to mid-cap sized mining, cannabis, and technology companies. Mr Ross was formerly a director of Speakeasy Cannabis, a publicly traded company he took public in 2018; Canada’s largest outdoor grow cultivator.

Mr Ross was a Director of TSX-listed Fission Uranium Corp from 2013 to 2017, as well as the Corporate Development Consultant for Fission Energy when it was named a Top 50 TSX-V company for its performance.

Mr Ross has served as the head of corporate development for Able Auctions and Smart Tire Systems, both of which graduated from the OTC-BB to the AMEX stock exchange (NYSE). Mr Ross currently holds multiple board positions with TSX, TSX-V, and CSE listed companies.

Noel Lyons

Non-Executive Director

Noel Lyons started his career in the accounting profession, and progressed from there to management and director level within various organisations. He has worked for such companies as Amoco/BP, Coca Cola, Kentz Corporation Plc, and Oilinvest International, and has worked in diverse locations such as Africa and the Middle East.

Mr Lyons has been involved in several listings on AIM and the NEX Exchange Growth Market in both a management and advisory capacity. Mr Lyons has an MBA and Masters in Accounting and Finance.

I Am Fire PLC Advisors

Corporate Advisor

Peterhouse Capital Limited

80 Cheapside
London
EC2V 6EE

Guy Miller and Mark Anwyl
Telephone: 020 7220 9796
Web: https://peterhousecap.com/

Registrars

Neville Registrars

Neville House
Steelpark Road
Halesowen
B62 8HD

Telephone: 0121 585 1131
Email: info@nevilleregistrars.co.uk
Web: www.nevilleregistrars.co.uk

Auditors

PKF Littlejohn

15 Westferry Circus
Canary Wharf
London
E14 4HD

Telephone: 020 7516 2200
Web: https://www.pkf-littlejohn.com/

Bankers

Allied Irish Bank

St Helen’s
1 Undershaft
London
EC3A 8AB

Web: https://aibgb.co.uk/

CORPORATE NEWS

Issued Share Capital

As at 4 February 2020, the issued share capital of the Company is 8,005,683 ordinary shares of £0.0025.

The Directors are interested in a total of 2,317,590 (28.95%) ordinary shares, resulting in 5,688,093 (71.05%) ordinary shares being in public hands.

Directors Shareholdings

Name Shares Controlled % Holding
Noel Lyons 1,900,923 23.74
Burns Singh Tennent-Bhohi 416,667 5.2
Jeremy Ross

Options Over Ordinary Shares

Name Options Over
Ordinary Shares
Excercise
Price
Expiry Date
Noel Lyons 1,000,000 3p 11 October 2024
Burns Singh Tennent-Bhohi 1,000,000 3p 11 October 2024
Jeremy Ross 1,000,000 3p 11 October 2024

In the event that all or part of such options are exercised within 18 months from the date of issuance (11 April 2021), then the holder shall receive, upon exercise of each option, one new bonus option, with an exercise price of 7p, expiring on the fifth anniversary of issue and vesting immediately on award.

Warrants Over Ordinary Shares

There are 6,118,447 warrants over ordinary shares in issue, of which 5,958,333 have an exercise price of 4.8p and an expiry date of 11 October 2022, and 160,114 have an exercise price of 2.4p and an expiry date of 11 October 2024.

5,958,333 of the warrants issued provide the warrant holder with the opportunity to receive a replacement warrant if they exercise their entire warrant holding before 11 October 2020. Such replacement warrants will have an exercise price of 10p each, with an expiry date of three years after the entitlement becomes effective.

In the event that 5,958,333 warrants over ordinary shares are exercised in full by 11 October 2020, the Company would receive funding of £284,999.

In the event that all 5,958,333 new replacement warrants are exercised in the three years following their issuance, the Company would receive further funding of £595,833.

There are potentially a maximum of 12,076,780 warrants that could be exercised by 11 October 2024. If all warrants were to be exercised, the total issued share capital of the Company would comprise 20,082,463.

If all outstanding options and warrants were exercised by 11 April 2026, the maximum total issued share capital of the Company would be 26,082,463 ordinary shares.

Director Warrant Holdings

Name Warrants
Noel Lyons 1,791,666
Burns Singh Tennent-Bhohi 416,667
Jeremy Ross

Shareholder Information

January 2020 – Interim Results to 31st October 2019
November 2019 – Audited Results to 30th April 2019
October 2019 – General Meeting
March 2019 – General Meeting
January 2019 – Interim Results to 31st October 2019
November 2018 – AGM Circular
October 2018 – Audited Results to 30th April 2018
January 2018 – Interim Results for period ending 31st October 2017
October 2017 – Audited Results for Year End, 30th April 2017
January 2017 – Interim Results for period ending 31st October 2016
January 2017 – Interim Results for period ending 31st October 2016
January 2017 – AGM Circular
October 2016 – Audited Financial Results for Year End, 30th April 2016
January 2016 – Interim Results for period ending 31st October 2015
October 2015 – General Meeting Circular
October 2015 – Year End Accounts for, 30th April 2015
June 2015 – AGM Circular

Contact Us.

London Corporate Address

104 High Road
London
N2 9EB

020 3778 1106

info@iamfireplc.com