Rambler Metals & Mining (RMM) RNS Announcements

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Date Time Source Announcement
27 Apr 2023 07:00 AM
RNS
Block Listing Six Monthly Return
21 Apr 2023 07:00 AM
RNS
Update – Creditors Voluntary Liquidation
21 Apr 2023 07:00 AM
RNS
Update - Creditors Voluntary Liquidation
17 Apr 2023 07:00 AM
RNS
Sale and Investment Solicitation Process
12 Apr 2023 01:53 PM
RNS
Company Website Update
11 Apr 2023 07:00 AM
RNS
Creditors Voluntary Arrangement and Cancellation
06 Apr 2023 04:27 PM
RNS
Materials publicly filed in the CCAA Proceedings
04 Apr 2023 02:42 PM
RNS
Company Website
30 Mar 2023 08:33 AM
RNS
Operational Update
24 Mar 2023 02:33 PM
RNS
Grant and Vesting of Restricted Share Units
17 Mar 2023 01:54 PM
RNS
Materials publicly filed in the CCAA Proceedings
16 Mar 2023 03:58 PM
RNS
CCAA Proceedings
14 Mar 2023 09:12 AM
RNS
Materials publicly filed in the CCAA Proceedings
08 Mar 2023 07:00 AM
RNS
Materials publicly filed in the CCAA Proceedings
07 Mar 2023 07:00 AM
RNS
Correction: Materials publicly filed
06 Mar 2023 06:15 PM
RNS
Materials publicly filed in the CCAA Proceedings
28 Feb 2023 06:15 PM
RNS
Materials publicly filed in the CCAA Proceedings
28 Feb 2023 07:00 AM
RNS
Rambler Announces Strategic Process
27 Feb 2023 07:00 AM
RNS
Application for Initial Order for CCAA Protection
20 Feb 2023 07:00 AM
RNS
Update on Gold Stream Repurchase Agreement
17 Feb 2023 07:00 AM
RNS
Update on Financing and Operations
10 Feb 2023 07:00 AM
RNS
Update on Gold Streaming Agreement
18 Jan 2023 07:00 AM
RNS
Q4 2022 Operational Results
05 Dec 2022 03:49 PM
RNS
Forward Sale on Copper Production
15 Nov 2022 07:00 AM
RNS
Forward Sale on Copper Production
10 Nov 2022 09:28 AM
RNS
Rambler Provides an Operational Update
01 Nov 2022 07:00 AM
RNS
Rambler Provides an Update on Financial Position
27 Oct 2022 07:01 AM
RNS
Block Listing Six Monthly Return
27 Oct 2022 07:00 AM
RNS
Rambler Provides an Update on Financial Position
21 Oct 2022 07:00 AM
RNS
Q3 2022 Operational Results
03 Oct 2022 09:05 AM
RNS
Second Price Monitoring Extn
03 Oct 2022 09:00 AM
RNS
Price Monitoring Extension
30 Sep 2022 02:06 PM
RNS
Second Price Monitoring Extn
30 Sep 2022 02:00 PM
RNS
Price Monitoring Extension
28 Sep 2022 04:41 PM
RNS
Second Price Monitoring Extn
28 Sep 2022 04:35 PM
RNS
Price Monitoring Extension
27 Sep 2022 04:40 PM
RNS
Second Price Monitoring Extn
27 Sep 2022 04:35 PM
RNS
Price Monitoring Extension
27 Sep 2022 02:00 PM
RNS
Price Monitoring Extension
26 Sep 2022 04:32 PM
RNS
Financial Results Half Year Ended 30 June 2022
15 Sep 2022 02:05 PM
RNS
Second Price Monitoring Extn
15 Sep 2022 02:00 PM
RNS
Price Monitoring Extension
13 Sep 2022 04:41 PM
RNS
Second Price Monitoring Extn
13 Sep 2022 04:35 PM
RNS
Price Monitoring Extension
09 Sep 2022 04:40 PM
RNS
Second Price Monitoring Extn
09 Sep 2022 04:35 PM
RNS
Price Monitoring Extension
09 Sep 2022 12:19 PM
RNS
Rambler Provides a Corporate Update
01 Sep 2022 07:00 AM
RNS
Significance of Stope In-fill Drilling Program
23 Aug 2022 07:00 AM
RNS
Rambler Updates 2022 Diamond Drilling Program
29 Jul 2022 07:00 AM
RNS
Total Voting Rights

(Alliance News) - Rambler Metals & Mining PLC on Friday said it has "no means to continue to operate" as funds have dried up.

21 April, 2023 | 2:35PM

Rambler said it has no choice but to file for voluntary liquidation as it said it is unable to "pay its debts as they fall due".

The update from the mining and development company, which holds properties in Newfoundland and Labrador, Canada, follows Rambler's announcement last week that it was insolvent and filing for creditors voluntary liquidation.

Rambler said that its ordinary shares would continue to exist pending completion of liquidation, despite their cancellation on the London Stock Exchange's AIM market. It said that the liquidators would retain information regarding ownership of shares in Rambler, should there be any funds to distribute back to shareholders.

Funding previously received by Rambler "flowed up" from cash generated by Rambler Metals & Mining Canada Ltd, which has now ceased to operate. Rambler Canada is no longer operating.

Rambler said that without the funding, it had "no means to continue to operate" and could no longer pay its debts as they fell due. Lenders has part of the Companies Creditors Arrangement Act, Canada have said they can no longer provide funding to the wider Rambler group.

Rambler also added that there is no guarantee that any surplus cash could be distributed to shareholders.

"It is important to provide some level of process certainty that Rambler Metals & Mining PLC be allowed to liquidate in an orderly fashion. The alternative to a voluntary liquidation is a compulsory liquidation, a court-lead process that is more expensive, more time-consuming, and would diminish further any potential value for shareholders," the company said.

Shares in Rambler were untraded at 5.50 pence in London on Friday.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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