Share Name Share Symbol Market Type Share ISIN Share Description
Rambler Metals & Mining Plc LSE:RMM London Ordinary Share GB00BLFJ1613 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -3.42% 28.25 28.00 28.50 29.25 28.25 29.25 934,979 11:38:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.0 -6.8 -0.1 - 31

Rambler Metals & Mining PLC Posting of Annual Report and Notice of AGM

30/04/2021 7:00am

UK Regulatory (RNS & others)

Rambler Metals & Mining (LSE:RMM)
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RNS Number : 9821W

Rambler Metals & Mining PLC

30 April 2021

30 April 2021

Rambler Reports Posting of Annual Report, Accounts and Notice of AGM

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, is pleased to announce that the annual report and accounts for the year ending 31 December 2020, including the Notice of Annual General Meeting ("AGM") and Forms of Proxy, will be posted to shareholders today and are available on the website at

Notice of AGM and meeting arrangements

The AGM will be held at the offices of SP Angel Corporate Finance LLP, Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP at 12:00 p.m. UK time on 26 May 2021 however due to the ongoing COVID-19 pandemic, the Company intends to hold the meeting with a limited number of company representatives attending in person to ensure that a valid meeting is held. Other shareholders are strongly encouraged not to attend the AGM in person while government restrictions remain in force. Shareholders and guests who travel to the meeting may not be admitted if there are safety constraints.

Given the constantly evolving nature of the situation, if it subsequently becomes possible to welcome a number of shareholders to the venue, attendance in this way is likely to be restricted in terms of numbers and we would therefore still encourage shareholders not to attend the venue in person and instead to participate in the meeting electronically. Any updates to the position will be included on the Company's website and through a Regulatory Information Service. Shareholders are strongly encouraged to submit their votes by proxy as soon as possible, appointing the Chairman of the AGM as their proxy, so that their votes can be taken into account.

Shareholders wishing to raise any questions relating to the business of the AGM are encouraged to do so by submitting them to by no later than 24 May 2021. The Company will publish responses to questions raised on the Company's website as soon as practicable after the AGM.

Share Consolidation

At the AGM, shareholders will be asked to pass an ordinary resolution to consolidate the Company's ordinary share capital whereby every 100 ordinary shares of 0.01 pence each in the capital of the Company ("Existing Ordinary Share") will be consolidated into one ordinary share of 1 pence each in the capital of the Company ("Consolidated Share"), rounded down to the nearest whole share ("Consolidation"). The Consolidation will reduce the 10,731,098,677 Existing Ordinary Shares currently in issue to 107,310,987 Consolidated Shares and is expected to further enhance the perception of the Company and its prospects and help improve the marketability of the Company's shares to a wider group of potential investors.

The Directors consider that having a more manageable number of shares in issue post Consolidation is in the best interests of the Company and will better allow it to progress its future growth and development objectives.

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.


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/Whalesback copper mines.

Rambler is listed in London under AIM:RMM.

For further information, please contact:

  Toby Bradbury               Eason Chen                  Tim 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 
   Nominated Advisor 
  Ewan Leggat, Caroline 
   SP Angel Corporate 
   Finance LLP 
   Tel No: +44 (0) 20 
   3470 0470 

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.


 Event                                                 Date (1) 
 Latest time and date for receipt of Form of           12.00 p.m. on 24 May 
  Proxy                                                 2021 
 Annual General Meeting                                12.00 p.m. on 26 May 
 Last day of dealings in the Existing Ordinary         26 May 2021 
 Record Date for Consolidation                         6.00 p.m. on 26 May 
 Effective time of the Consolidation. Admission        8.00 a.m. 27 May 2021 
  and dealings in the Consolidated Shares expected 
  to commence trading on AIM 
 CREST accounts credited with Consolidated Shares      27 May 2021 
 Certificates in respect of the Consolidated           3 June 2021 
  Shares despatched 

(1) Each of the above dates is subject to change at the absolute discretion of the Company and SP Angel

Consolidation Statistics

 Existing Ordinary Shares                                                10,731,098,677 
 Consolidated Shares in issue immediately following the Consolidation       107,310,987 
 Nominal share value pre-Consolidation                                        GBP0.0001 
 Nominal share value post-Consolidation                                         GBP0.01 

The Company's SEDOL code is B06Y3F1 and ISIN code is GB00B06Y3F14.

Following the Consolidation, the Company's new SEDOL code will be BLFJ161 and its new ISIN code will be GB00BLFJ1613.

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