RCF Acquisition Corp. Announces Contributions to Trust Account in Connection With Proposed Extension

Denver, Colorado, April 27, 2023 (GLOBE NEWSWIRE) -- RCF Acquisition Corp. (“RCFA” or the “Company”), a special purpose acquisition company, today announced that, in connection with its forthcoming extraordinary general meeting in lieu of annual meeting of shareholders (the “Extraordinary General Meeting”) to seek shareholder approval to, among other proposals, extend the period of time RCFA will have to consummate its initial business combination by 12 months (the “Extension”) from the current deadline of May 15, 2023 until May 15, 2024 (the “Extended Date”), RCFA will deposit, beginning on May 16, 2023, and thereafter on the first day of each month (or if such first day is not a business day, on the business day immediately preceding such first day), additional funds into the trust account (the “Trust Account”) established in connection with RCFA’s initial public offering (the “IPO”) an amount equal to the lesser of (i) $0.03 per public share multiplied by the number of Class A ordinary shares of the Company (the “public shares”) then outstanding and not redeemed in connection with the Extension and (ii) $300,000 (or a pro rata portion thereof if less than a full month), until the earlier of (a) the completion of a business combination and (b) the announcement of the Company’s intention to wind up its operations and liquidate (each such deposit, a “Contribution”) in accordance with the Extension (each date on which a Contribution is to be deposited into the Trust Account, a “Contribution Date”). The maximum aggregate amount of all Contributions will not exceed $3,600,000.