RMM Rambler Metals & Mining Plc

TIDMRMM

RNS Number : 9667Q

Rambler Metals & Mining PLC

01 November 2021

1 November 2021

Repayment of Convertible Loan

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, today announces that Rambler has repaid all of the outstanding balance of the convertible loan from Riverfort Global Opportunities PCC Limited ("Riverfort") and YA II PN, Ltd ("YA II"), plus the early repayment premium (10%), amounting to a total of US$1.1 million.

Toby Bradbury, CEO commented:

" As part of the use of proceeds of the Loan Note provided by Newgen Resource Lending Inc. as announced on 29 October 2021, the Company has repaid Riverfort and YA II. We would like to thank Riverfort and YA II for providing a financing solution to Rambler earlier this year while we were working to complete the secured debt financing with NewGen."

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') which has been 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 2021 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                  Eason Chen                  T im Sanford. P. Eng. 
   President and CEO              CFO                         VP and Corporate Secretary 
   Rambler Metals & Mining        Rambler Metals & Mining     Rambler Metals & Mining 
   Plc                            Plc                         Plc 
   Tel No: +1 (709) 800           Tel No: +1 (709) 800        Tel No: +1 (709) 532 
   1929                           1929                        5736 
   Fax No: +1 (709) 800           Fax No: +1 (709) 800        Fax No: +1 (709) 800 
   1921                           1921                        1921 
 
   Nominated Advisor (NOMAD) 
  Ewan Leggat, Caroline 
   Rowe 
   SP Angel Corporate Finance 
   LLP 
   Tel No: +44 (0) 20 3470 
   0470 
 
   Website:   www.ramblermines.com 

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November 01, 2021 12:17 ET (16:17 GMT)

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