Rambler Metals & Mining PLC Issue of Equity (7531K)

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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September 06, 2021 02:00 ET (06:00 GMT)