Rambler Metals & Mining PLC Appointment of New CFO (0028S)

TIDMRMM

RNS Number : 0028S

Rambler Metals & Mining PLC

06 March 2019

6 March 2019

Rambler Announces the Appointment of its New CFO

London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) (Rambler or the Company) is pleased to announce a change in senior leadership as the Company now focuses on optimizing the performance of the Ming Mine. The Board of Directors has appointed Sanjay Swarup to the position of Chief Financial Officer, effective immediately.

Mr. Swarup holds a Masters of Business Administration from Cranfield School of Management (Bedforshire, UK) and is a Chartered Accountant from India with over 25 years experience in accounting and business consulting, with 15 of those years in the resource industry. Mr. Swarup has worked with a range of businesses such as BP plc, Mandalay Resources and Lonmin plc. Mr. Tim Slater, the previous CFO, will assist with the transition of responsibilities to Mr. Sanjay before he leaves the Company to pursue other interests.

Brad Mills, Chairman of Rambler commented, "I would like to thank Mr. Slater for his significant contribution to Rambler over the years. I would like to welcome Mr Swarup to the position of CFO. The Board is looking forward to working with the new management of Rambler to achieve its operational and financial goals over the coming year. "

Presently there is no Board position associated with this appointment.

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.

Following the completion of its recent productivity improvement initiative Rambler's focus is on sustaining mine and mill production at 1,250 metric tonnes per day. With a return to profitability and positive cash flow, Rambler will continue advancing Phase III engineering studies with a view to further increase production to 2,000 mtpd at the Ming Mine.

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

Rambler is currently listed in London under AIM:RMM.

For further information, please contact:

 
  Norman Williams, CPA,         Peter Mercer. P. Geo 
   CA                            Vice President, Corporate 
   President and CEO             Secretary 
   Rambler Metals & Mining       Rambler Metals & Mining Plc 
   Plc                           Tel No: [phone] 
   Tel No: 709-800-1929          Fax No: [phone] 
   Fax No: 709-800-1921 
 
   Nominated Advisor (NOMAD) 
  David Porter 
   Cantor Fitzgerald Europe 
   Tel No: [phone] 
   7000 
 

Website: www.ramblermines.com

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). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

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March 06, 2019 03:22 ET (08:22 GMT)