Rambler Metals & Mining PLC Issue of Equity (7531K)
September 06 2021 - 1:00AM
UK Regulatory
TIDMRMM
RNS Number : 7531K
Rambler Metals & Mining PLC
06 September 2021
Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural
Resources
6 September 2021
Rambler Metals and Mining PLC ('Rambler' or the 'Company')
Issue of Equity
London, England, Newfoundland and Labrador, Canada - Rambler
Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a
copper and gold producer, explorer and developer, announces that it
has today issued a total of 1,150,479 ordinary shares of 1 pence
each ("Conversion Shares") at a price of 18.8791 pence each in
respect of a conversion notice received on 3 September 2021 by
Riverfort Global Opportunities PCC Limited ("Riverfort") and YA II
PN, Ltd ("YA II") of US$300,000 principal of the u nsecured,
subordinated convertible note agreement with Riverfort and YAII
("CLN"), further details of which agreement were announced on 30
June and 1 July 2021. Riverfort and YAII have now converted a total
of US$1,000,000 principal of the CLN. Following this conversion, a
total of US$2,000,000 principal of the CLN remains unconverted
Admission to trading on AIM and Total Voting Rights
Application will be made for the 1,150,479 Conversion Shares
which will rank pari passu with the existing Ordinary Shares of the
Company, to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective, and dealings will
commence at 8:00 a.m. on or around 9 September 2021.
Following the issue of the Conversion Shares and the placing
shares as announced earlier today, the total issued share capital
of the Company will consist of 129,636,633 ordinary shares of 1
pence each. The Company does not hold any ordinary shares in
Treasury. Therefore, t he total current voting rights in the
Company following Admission will be 129,636,633 and this figure may
be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
considered to be in the public domain.
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November
2012 brought its first mine into commercial production. Rambler 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.
Rambler's focus is to regain its production profile at 1,350
metric tonnes per day at 2% Cu in the course of 2021 and evaluate
expansion opportunities from that base.
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer/Whales Back copper mines.
Rambler is listed in London under AIM:RMM.
For further information, please contact:
Dr. Toby Bradbury Eason Chen, CPA, CA T im Sanford. P. Eng.
President and CEO CFO Vice President and
Rambler Metals & Mining Rambler Metals & Mining Corporate Secretary
Plc Plc Rambler Metals & Mining
Tel No: +1 (709) 800 Tel No: +1 (709) 800 Plc
1929 1929 Tel No: +1 (709) 532
Fax No: +1 (709) 800 Fax No: +1 (709) 800 5736
1921 1921 Fax No: +1 (709) 800
1921
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline
Rowe
SP Angel Corporate
Finance LLP
Tel No: +44 (0) 20
3470 0470
Website: www.ramblermines.com
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END
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