Filing of Management Information Circular
1 February 2019
Rambler Announces Filing of Management Information Circular
London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) (Rambler or the Company) announces that it has filed its management information circular and related voting materials in connection with an extraordinary meeting of shareholders to be held on 28 February, 2019. The purpose of the meeting is to approve the issuance of Rambler ordinary shares in connection with the subscription to raise approximately US$11 million and proposed open offer, as previously announced on 28 January 2019.
Shareholders of Rambler should receive these meeting materials by mail shortly. The meeting materials are also available on Rambler's website at www.ramblermines.com and will be posted under the Company's SEDAR profile at www.sedar.com.
Your vote is important. Rambler encourages shareholders to read the meeting materials in detail. To ensure that your Rambler shares will be represented at the extraordinary meeting, shareholders should carefully follow the voting instructions provided in the meeting materials. The deadline for receipt of proxies is 2:30pm (London time) on 26 February 2019, for shareholders in the UK and 9:30am (Eastern Standard Time) on 25 February 2019, for shareholders in Canada.
Rambler's Non-Investor Directors (as such term is defined in the Company's Relationship Agreement) consider the subscription to be fair and reasonable and in the best interests of the Company and its shareholders as a whole. Accordingly, the Non-Investor Directors have unanimously approved the subscription and recommend that shareholders vote in favour of the resolutions to be proposed at the extraordinary general meeting as they intend to do so in respect of their own holdings.
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 1,250 metric tonnes per day. With a return to profitability and positive cash flow, Rambler will continue advancing Phase III engineering studies with a view to further increase production to 2,000 mtpd at the Ming Mine.
Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investment in the former producing Hammerdown gold mine.
Rambler is currently listed in London under AIM:RMM.
For further information, please contact:
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Norman Williams, CPA, CA President and CEO Rambler Metals & Mining Plc Tel No: 709-800-1929 Fax No: 709-800-1921 |
Peter Mercer. P. Geo Vice President, Corporate Secretary Rambler Metals & Mining Plc Tel No: +44 (0) 20 8652-2700 Fax No: +44 (0) 20 8652-2719 |
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Nominated Advisor (NOMAD) |
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David Porter Cantor Fitzgerald Europe Tel No: +44 (0) 20 7894 7000 |
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Website: www.ramblermines.com
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