Change of Chief Financial Officer

RNS Number : 9700F

Rambler Metals & Mining PLC

24 March 2022

 

24 March 2022

Rambler Announces Change of Chief Financial Officer and Resignation of Director

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 Eason (Cong) Chen is stepping down as Director and Chief Financial Officer ("CFO") with immediate effect.

Mr Chen was appointed as an Independent Director in 2012 and departs after an association of more than 10 years.  Mr Chen is stepping down for personal reasons and will continue to be available to the Company through the CFO transition, at least until the end of July 2022.

Bradford Mills, Chairman commented:  

"The Board would like to thank Eason for his long service as a Rambler Director and recent work as the Rambler CFO.  He has been influential in helping build the Company over many years and he stepped in and served as CFO in the last 2 years. As CFO, Eason has been instrumental in securing finance for the Company through the difficult times created by the Covid-19 Pandemic and low copper price and has helped set up the business for success as its production ramps up to new highs going forward. We wish him well in his future endeavours."

Mr Chen is succeeded by Ms Celeste van Tonder as non-Board Interim CFO with immediate effect.  Celeste is a Chartered Accountant with more than 15 years of natural resource experience having started her post-audit career with Anglo American and African Rainbow Minerals. Her most recent position was as CFO for ASX listed TerraCom Resources Limited.  She is a specialist in the development of junior listed companies with AIM experience and expertise in the establishment of financial processes, reporting systems and implementation of risk and governance.

Toby Bradbury, President and CEO commented:  

"I would like to personally thank Eason for his support over the past two years.  Together, we have tackled a challenging period for Rambler and the Company is stronger and better placed for the future.  I would like also to take this opportunity to welcome Celeste van Tonder to Rambler.  We look forward to the benefit of her experience as we grow our production and look to build the Company."

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'), 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. The group has a 100% 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% copper in the course of 2022 and evaluate expansion opportunities from that base.

Along with the Ming Mine, Rambler also owns 100% of the former producing Little Deer and Whales Back copper mines.

Rambler is listed in London under AIM:RMM.

For further information, please contact:

Toby Bradbury President and CEO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	Celeste van Tonder CFO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	T im Sanford. P. Eng. VP and Corporate Secretary Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline Rowe SP Angel Corporate Finance LLP Tel No: [phone]

Website:   www.ramblermines.com  

 

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