TIDMRMM
RNS Number : 0776S
Rambler Metals & Mining PLC
07 March 2023
7 March 2023
Correction: Materials publicly filed in the CCAA Proceedings
The following amendment has been made to the notification
entitled Materials publicly filed in the CCAA Proceedings released
on 6 March 2023 at 18:15 under RNS No. 0690S .
Please note that the item containing an unaudited profit and
loss account for the Company up until 31 December 2022, a balance
sheet for the year end 31 December 2022 and breakdown of secured
creditors, is item five.
All other information remains unchanged.
The full amended version is shown below.
London, England - Baie Verte, Newfoundland and Labrador, Canada
- Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the
"Company") wishes to notify the shareholders that the Comeback
Hearing scheduled for today as announced initially on 28 February
has now been completed with the Court to reconvene tomorrow (7
March 2023) to announce the decision. Further materials publicly
filed in the CCAA Proceedings, including the Application for
Extension of Stay and Amended and Restated Initial Order, and
additional information with respect to the Strategic Process, will
be available shortly on the Monitor's website at
www.GrantThornton.ca/Rambler .
The materials published on the website are as follows
("Materials"):
1) Application for Extension of Stay and Amended and Restated Initial Order
http://www.rns-pdf.londonstockexchange.com/rns/0776S_1-2023-3-6.pdf
2) Draft Amended and Restated Initial Order
http://www.rns-pdf.londonstockexchange.com/rns/0776S_2-2023-3-6.pdf
3) List of Creditors as at January 31, 2023
http://www.rns-pdf.londonstockexchange.com/rns/0776S_3-2023-3-6.pdf
4) Memorandum of Fact and Law for Amended and Restated Initial Order
http://www.rns-pdf.londonstockexchange.com/rns/0776S_4-2023-3-6.pdf
5) Monitor's First Report dated March 3, 2023
http://www.rns-pdf.londonstockexchange.com/rns/0776S_5-2023-3-6.pdf
6) Rambler Metals and Mining Canada Limited Re CCAA dated Mar. 3, 2023
http://www.rns-pdf.londonstockexchange.com/rns/0776S_6-2023-3-6.pdf
Shareholders should know that within the Materials, item five
contains an unaudited profit and loss account for the Company up
until 31 December 2022, a balance sheet for the year end 31
December 2022 and breakdown of secured creditors, therefore
Shareholders should not place undue reliance on such information
until it has been audited.
Further announcements will be made, as appropriate.
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.
The Company has targeted a production profile to meet current
mill capacity of 1,350 metric tonnes per day with a target grade of
2% Cu and is evaluating growth opportunities from that base .
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer Complex.
Caution Regarding Forward Looking Statements:
This press release may include forward-looking statements, which
reflects the Company's current expectations regarding future
events. Forward-looking statements include, but are not limited to,
statements regarding the development and implementation of the
Strategic Process and its potential impact and outcomes; the
process for developing the Strategic Process and seeking Court
approval thereof; the ability to identify and implement any sale or
restructuring transaction in connection with the Strategic Process
and the CCAA Proceedings; the Company's intended actions during the
CCAA Proceedings; and the effect of the CCAA Proceedings. Such
statements are based on current expectations of the Company's
management and inherently involve numerous risks and uncertainties,
known and unknown, and there can be no assurance as to the outcome
of the Strategic Process and the CCAA Proceedings. In particular
and without limitation, there can be no assurances as to: the
ability of the Company to obtain all necessary approvals in order
to complete any sale or restructuring transaction identified in
connection with the Strategic Process and the CCAA Proceedings; the
stay of proceedings having the effect contemplated by the Company
in providing it with additional time to pursue the Strategic
Process; the ability of the Company to operate in the ordinary
course during the CCAA Proceedings, including with respect to
satisfying obligations to service providers, suppliers, contractors
and employees; the ability of the Company to continue as a going
concern; the Company's future liquidity position, and access to
capital, to fund ongoing operations and obligations; the ability of
the Company to stabilize its business and financial condition; the
ability of the Company to implement and successfully achieve its
business priorities; the ability of the Company to comply with its
contractual obligations, including, without limitation, its
obligations under debt arrangements; the ability of the Company to
generate sufficient cash flow from operations; the impact of
competition; the ability of the Company to obtain and retain
qualified staff, equipment and services in a timely and efficient
manner (including in light of the Company's restructuring efforts);
and the ability of the Company to retain members of the senior
management team, including but not limited to, the officers of the
Company.
Rambler is listed in London under AIM:RMM.
Media Contact:
T im Sanford, P. Eng.
VP & Corporate Secretary
Email: tsanford@ramblermines.com
Tel No: +1 (709) 532 5736
For further information, please contact:
T oby Bradbury Celeste Van Tonder T im Sanford. P. Eng.
President and CEO CFO VP & Corporate Secretary
Rambler Metals & Mining Rambler Metals & Mining Rambler Metals & Mining
Plc Plc Plc
Tel No: +1 (709) 800 Tel No: +1 (709) 800 Tel No: +1 (709) 532
1929 1929 5736
Fax No: +1 (709) 800 Fax No: +1 (709) 800 Fax No: +1 (709) 800
1921 1921 1921
Nominated Advisor (NOMAD)
Ewan Leggat, Kasia
Brzozowska
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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