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Rambler Metals & Min (RMM)

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Monday 15 April, 2019

Rambler Metals & Min

Result of Open Offer

RNS Number : 1216W
Rambler Metals & Mining PLC
15 April 2019
 

15 April 2019

Result of Open Offer

 

Andre Booyzen, President and CEO of Rambler, commented:

"We are delighted to have raised gross proceeds of approximately £9 million from the Subscription and Open Offer, Rambler is now well capitalized to deliver on our strategy and the Company continues to focus on delivering improved reliable production whilst keeping cash costs under control."

 

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:

 

Andre Booyzen

President and CEO

Rambler Metals & Mining Plc

Tel No: +44 (0) 20 8652-2700

Fax No: +44 (0) 20 8652-2719

Sanjay Swarup

CFO

Rambler Metals & Mining Plc

Tel No: +44 (0) 20 7096 0662

Fax No: +44 (0) 20 8609 0313

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

 

Nominated Advisor (NOMAD)



David Porter

Cantor Fitzgerald Europe

Tel No: +44 (0) 20 7894 7000



 

Website: www.ramblermines.com 


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