Rambler Metals And Mining Announces Private Pla...
23rd April 2007
RAMBLER METALS AND MINING ANNOUNCES PRIVATE PLACEMENT
London, England & Baie Verte Newfoundland and Labrador (April 23, 2007) - Rambler Metals and Mining PLC (TSXV:RAB,
AIM:RMM) (the "Company") is pleased to announce that it has signed an engagement letter with Haywood Securities Inc.
providing for the private placement of up 6,700,000 units of the Company at a price of $1.50 per unit for aggregate
gross proceeds of up to $10,050,000. Each unit will consist of one common share and one-half of one common share
purchase warrant. Each whole warrant will entitle the holder to acquire a common share at a price of $2.00 for a period
of 24 months following the closing date.
In addition, the Company has agreed to grant Haywood an option, exercisable until the closing date, to sell an
additional 2,650,000 units at the issue price for up to an additional $3,975,000 in gross proceeds. Haywood shall have
the right to appoint a special selling group in connection with the private placement.
The private placement is expected to close on May 23, 2007 or such other date as the Company and Haywood may agree.
The Company intends to use the proceeds of the private placement to continue its drilling programme and commence the
dewatering campaign at its Rambler Property located in Newfoundland and Labrador's Baie Verte Peninsula.
Closing of the private placement is conditional on approval of the TSX Venture Exchange.
For further information, please contact:
George Ogilvie Leslie Little
VP & COO Company Secretary
Tel : (709) 532-4990 Tel: 020 7661 8104
Website- www.ramblermines.com
About the Company
Rambler was founded in 2004 when Altius Minerals Corporation ("Altius"), a Newfoundland and Labrador based resource
company, contributed to the Company's asset base an option to acquire and develop the Rambler property.
The Rambler property had been a former underground copper and gold producing property that ceased production when the
deposit reached a then third party property boundary. This neighbouring property was subsequently consolidated before
being brought into the Company. The Company now owns a 100% interest in the property.
Certain information regarding the Company set forth in this press release, including management's assessment of the
Company's future plan, use of proceeds and operations contains forward looking statements that involve substantial known
and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties,
some of which are beyond the Company's and management's control, including but not limited to, the impact of general
economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates,
imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and
management, stock market volatility, timely and cost effective access to sufficient capital from internal and external
sources. The Company's actual results, performance or achievement could differ materially from those expressed in or
implied by, these forward looking statements and accordingly, no assurance can be given that any of the events
anticipated to occur or transpire from the forward looking statements will provide any benefits to the Company.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Rambler Metals & Mining Plc
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