Rambler Metals & Mining PLC Result of AGM (1361P)

TIDMRMM

RNS Number : 1361P

Rambler Metals & Mining PLC

05 June 2020

5 June 2020

Rambler Reports Results 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 r esolutions 1 to 2 and 4 to 14 proposed at the Annual General Meeting held on 5 June 2020 were passed. Resolution 3 was withdrawn due to the resignation of Andre Booyzen from the board as announced on 1 June 2020. The proxies received in respect of all resolutions were as follows:

 
 No.   ORDINARY BUSINESS                      FOR        AGAINST   VOTES WITHELD 
       To receive and adopt the 
        financial statements and 
        reports of the directors 
        and auditors of the Company 
        for the year ended 31 December 
 1.     2019.                            1,058,696,144   38,662       18,095 
      --------------------------------  --------------  --------  -------------- 
       To re-elect Terrell Ackerman 
 2.     as a director of the Company     1,058,595,337   138,859      18,095 
      --------------------------------  --------------  --------  -------------- 
 3.    To re-elect Andre Booyzen                        WITHDRAWN 
        as a director of the Company 
      --------------------------------  ---------------------------------------- 
       To re-elect Cong (Eason) 
        Chen as a director of the 
 4.     Company                          1,058,595,337   139,469      18,095 
      --------------------------------  --------------  --------  -------------- 
       To re-elect Belinda Labatte 
 5.     as a director of the Company     1,058,595,337   139,469      18,095 
      --------------------------------  --------------  --------  -------------- 
       To re-elect Bradford Mills 
 6.     as a director of the Company     1,058,595,334   139,469      18,098 
      --------------------------------  --------------  --------  -------------- 
       To re-elect Glenn Poulter 
 7.     as a director of the Company     1,058,595,337   139,469      18,095 
      --------------------------------  --------------  --------  -------------- 
       To re-elect Mark Sander 
 8.     as a director of the Company     1,058,595,334   139,472      18,095 
      --------------------------------  --------------  --------  -------------- 
       To elect Toby Bradbury 
 9.     as a director of the Company     1,058,595,337   139,469      18,095 
      --------------------------------  --------------  --------  -------------- 
       To re-appoint Kreston Reeves 
        LLP as the auditors of 
 10.    the Company                      1,058,695,537   39,269       18,095 
      --------------------------------  --------------  --------  -------------- 
       To authorise the directors 
        to determine the remuneration 
 11.    of the Company's auditors        1,058,698,432   39,269       15,200 
      --------------------------------  --------------  --------  -------------- 
       SPECIAL BUSINESS 
      --------------------------------  --------------  --------  -------------- 
       To grant the board the 
        authority to consolidate 
        the Company's ordinary 
 12.    share capital                    1,058,686,906   50,995       15,000 
      --------------------------------  --------------  --------  -------------- 
       To authorise the directors 
 13.    to allot equity securities       1,058,686,296   51,405       15,200 
      --------------------------------  --------------  --------  -------------- 
       To authorise the directors 
        to allot equity securities 
 14.    for cash                         1,058,686,296   51,405       15,200 
      --------------------------------  --------------  --------  -------------- 
 

A list of questions from shareholders with responses from the Company will be published shortly on the website

at    http://www.ramblermines.com . 

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 over 1,350 metric tonnes per day at 2% Copper at the Ming Mine with a view to increasing this to 1,500 metric tonnes per day by the end of 2020. With a return to profitability and positive cash flow, Rambler will continue advancing engineering studies and capital asset additions to further increase production.

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:

 
  Toby Bradbury               Sanjay Swarup               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: 709 -- 800          Tel No: +44 (0) 20          Plc 
   -- 1929                     7096 0662                   Tel No: +1 (709) 532 
   Fax No: 709 -- 800          Fax No: +44 (0) 20          5736 
   -- 1921                     8609 0313                   Fax No: +1 (709) 800 
                                                           1921 
 
   Nominated Advisor and 
   Broker 
  Ewan Leggat, Caroline 
   Rowe 
   SP Angel Corporate 
   Finance LLP 
   Tel No: +44 (0) 20 
   3470 0470 
 
 
   Website:   www.ramblermines.com 

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 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.

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June 05, 2020 06:38 ET (10:38 GMT)