Rambler Metals & Mining PLC Director/PDMR Shareholding (3183F)

TIDMRMM

RNS Number : 3183F

Rambler Metals & Mining PLC

26 July 2016

26 July 2016

Director / PDMR Shareholding

London, United Kingdom & Newfoundland and Labrador, Canada - Rambler Metals and Mining PLC (TSXV: RAB, AIM: RMM) ('Rambler') announces on 26 July 2016 Norman Williams, Executive Director, undertook the following transaction in 100,000 ordinary shares in the Company at CAD0.075 per share.

As a result of this transaction Norman Williams overall holding of ordinary shares in the Company is now 100,000 ordinary shares, representing 0.0002 per cent of issued share capital of the Company, excluding treasury.

Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities ('PDMR')/ person closely 
       associated 
---  ------------------------------------------------------------------- 
 a)   Name                              Norman Williams 
---  --------------------------------  --------------------------------- 
 2    Reason for notification 
---  ------------------------------------------------------------------- 
 a)   Position / status                 PDMR / Executive Director 
---  --------------------------------  --------------------------------- 
 b)   Initial notification              Initial notification. 
       /Amendment 
---  --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                              Rambler Metals and Mining 
                                         PLC 
---  --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of 1 pence 
       instrument, type of instrument    each 
 
       Identification code 
 
                                         GB00B06Y3F14 
---  --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
---  --------------------------------  --------------------------------- 
 c)   Price(s) and volumes(s) 
---  --------------------------------  --------------------------------- 
 d)   Aggregated information 
 
       Aggregated volume                  100,000 
 
       Price                              CAD 0.075 
---  --------------------------------  --------------------------------- 
 e)   Date of the transaction           2016-07-25 
---  --------------------------------  --------------------------------- 
 f)   Place of the transaction          Toronto Stock Exchange - Venture 
---  --------------------------------  --------------------------------- 
 

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 immediate plans are to increase mine and mill production to 1,250 mtpd by the end of Fiscal 2017. This initial expansion has been fully funded through CEII's investment. Rambler will also continue advancing engineering studies on ore-pre-concentration (DMS) and shaft rehabilitation with a view to further increase production to 2,000 mtpd at the Ming Mine. In addition, Rambler has initiated a detailed investigation at the mill with a goal to increase gold recovery and production rate in the copper concentrator.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investments in the former producing Hammerdown gold mine and the advanced Valentine Lake Gold Project.

Rambler is dual listed in London under AIM:RMM and in Canada under TSX-V:RAB.

For further information, please contact:

 
 Norman Williams,        Peter Mercer          Stewart Dickson 
  CPA,CA                  Vice President,       / 
  President and           Corporate Secretary   Patrick Pittaway/ 
  CEO                     Rambler Metals        David Porter 
  Rambler Metals          & Mining Plc          Cantor Fitzgerald 
  & Mining Plc            Tel No: +44 (0)       Europe 
  Tel No: 709-800-1929    20 8652-2700          Tel No: +44 (0) 
  Fax No: 709-800-1921    Fax No: +44 (0)       20 7894 7000 
                          20 8652-2719 
 
 

Website: www.ramblermines.com

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 security law.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBRGDRSDDBGLL

(END) Dow Jones Newswires

July 26, 2016 13:28 ET (17:28 GMT)