Rambler Senior Management Changes
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND
LABRADOR--(Marketwired - Jan 15, 2014) - Rambler Metals and Mining
plc (TSX-VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') today
announces that, with immediate effect, Mr. Norman Williams has been
appointed President and CEO of Rambler and Mr. George Ogilvie has
been appointed Chairman.
Mr. Williams was appointed Chief Financial Officer in 2010
having joined as Financial Controller two years prior. He is a
Chartered Accountant with over fifteen years of financial and
management experience. Prior to joining the Company, he served in
management roles in finance and administration at the St. John's
Port Authority in Newfoundland and earlier as Senior Manager at
Deloitte where he was closely involved with a number of junior
exploration companies. Mr. Williams completed a Bachelor of
Commerce degree at Memorial University of Newfoundland and received
his CA from The Canadian Institute of Chartered Accountants.
Mr. Tim Slater, who has served as an independent financial
advisor since the Company's inception, will serve as Rambler's
interim Chief Financial Officer. Mr. Slater has more than twenty
years of experience in public company accounting, including Chief
Financial Officer roles in various mining and exploration
companies.
Mr. Harry Dobson will be stepping down as Chairman of Rambler,
however he will remain on the Board as a Non-executive Director,
replacing Mr. Brian Hinchcliffe who has now resigned.
Mr. Williams will be appointed to the Board, and there will be a
further announcement to this effect, in due course subject to
diligence as required under the AIM Rules for Companies and AIM
Rules for Nominated Advisers.
George Ogilvie, Chairman, commented:
"Over the past seven years we have built Rambler together,
as a team and our combined skills and expertise have been
instrumental in building the Company's strong foundation.
"Norman joined the team in 2008 and has been an integral
part of Rambler's development into, what is now, a profitable
copper and gold producer. I am sure he will be an excellent
CEO.
"As Chairman of Rambler I am fully committed to directing
the Company's growth into a mid tier producer."
Norman Williams, President and CEO, commented:
"Over the past five plus years, growing the Company from a
junior explorer into a producing operation, with tremendous growth
potential, has been a challenging yet rewarding
experience.
"As the Company moves forward I will continue to look at
ways of optimizing the Ming Mine's development and profitability. I
also believe we must continue to evaluate our external growth
opportunities that will ensure the Company's continued
success."
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development Company that in 2012 brought
its first mine into commercial production. The group has a 100 per
cent ownership in the Ming Copper-Gold Mine, a fully operational
base and precious metals processing facility and year round bulk
storage and shipping facility; all located on the Baie Verte
peninsula, Newfoundland and Labrador, Canada.
The Company's Vision is to be Atlantic Canada's leading mine
operator and resource developer through the expansion of the Ming
Mine, discovering new deposits and through mergers and
acquisitions. Rambler listed on the London AIM in 2005 and Toronto
TSX-V in 2007.
Neither TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Caution Regarding Forward Looking Statements:
Certain information included in this press release,
including information relating to future financial or operating
performance and other statements that express the expectations of
management or estimates of future performance constitute
"forward-looking statements". Such forward-looking statements
include, without limitation, statements regarding copper, gold and
silver forecasts, the financial strength of the Company, estimates
regarding timing of future development and production and
statements concerning possible expansion opportunities for the
Company. Where the Company expresses or implies an expectation or
belief as to future events or results, such expectation or belief
are based on assumptions made in good faith and believed to have a
reasonable basis. Such assumptions include, without limitation, the
price of and anticipated costs of recovery of, copper concentrate,
gold and silver, the presence of and continuity of such minerals at
modeled grades and values, the capacities of various machinery and
equipment, the availability of personnel, machinery and equipment
at estimated prices, mineral recovery rates, and others. However,
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by
such forward-looking statements. Such risks include, but are not
limited to, interpretation and implications of drilling and
geophysical results; estimates regarding timing of future capital
expenditures and costs towards profitable commercial operations.
Other factors that could cause actual results, developments or
events to differ materially from those anticipated include, among
others, increases/decreases in production; volatility in metals
prices and demand; currency fluctuations; cash operating margins;
cash operating cost per pound sold; costs per ton of ore; variances
in ore grade or recovery rates from those assumed in mining plans;
reserves and/or resources; the ability to successfully integrate
acquired assets; operational risks inherent in mining or
development activities and legislative factors relating to prices,
taxes, royalties, land use, title and permits, importing and
exporting of minerals and environmental protection. Accordingly,
undue reliance should not be placed on forward-looking statements
and the forward-looking statements contained in this press release
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements contained herein are made
as at the date hereof and the Company does not undertake any
obligation to update publicly or revise any such forward-looking
statements or any forward-looking statements contained in any other
documents whether as a result of new information, future events or
otherwise, except as required under applicable law.
Rambler Metals and MiningPeter MercerCorporate SecretaryTel No:
709-800-1929Tel No: 709-800-1921Rambler Metals & Mining
PlcCorporate OfficeTel No: +44 (0) 20 8652-2700+44 (0) 20
8652-2719Website: www.ramblermines.comCantor Fitzgerald
EuropeStewart Dickson / Jeremy StephensonTel No: +44 (0) 20 7894
7000Blythe Weigh CommunicationsTim Blythe/Halimah HussainTel No:
+44 (0) 20 7138 3204Ocean Equities LimitedGuy WilkesTel No: +44 (0)
20-7786-4370
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