Newfoundland, Canada (FSCwire) - Rambler Metals and Mining plc (TSXV: RAB; AIM: RMM) ('Rambler' or the 'Company'), is pleased to announce that it has entered into a subscription agreement ('Subscription Agreement') for the private placement ('Private Placement') of 44,400,000 ordinary shares of £0.01 each in the Company ('Private Placement Shares') with Lombard Odier Asset Management (USA) Corp, acting in its capacity as discretionary asset manager for certain funds managed by it ('LO Managed Funds'). Pursuant to the terms of the Private Placement, the Company will issue the Private Placement Shares to LO Managed Funds at a price of £0.05 per Private Placement Share. Accordingly, the Private Placement Shares are to be issued to LO Managed Funds for an aggregate subscription price of £2,220,000 (approximately US$3,000,000).

 

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/7965O_1-2018-5-21.pdf  

 

For further information, please contact:

 

Norman Williams, CPA,CA President and CEO Rambler Metals & Mining Plc Tel No: 709-800-1929 Fax No: 709-800-1921	Peter Mercer 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)	Investor Relations
David Porter, Peter Malovany Cantor Fitzgerald Europe Tel No: +44 (0) 20 7894 7000	Nicole Marchand Investor Relations Tel No: 416- 428-3533 Nicole@nm-ir.com

 

Website: www.ramblermines.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

END

To view the original release, please click here

Source: Rambler Metals and Mining plc (TSX Venture:RAB, AIM:RMM, OTC Pink:RBMTF, FWB:51R)

To follow Rambler Metals and Mining plc on your favorite social media platform or financial websites, please click on the icons below.

 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire