BAIE VERTE, NL--(Marketwired - Jul 20, 2016) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (AIM: RMM)
20 July 2016 TSX-V: RAB; LSE: RMM
Rambler Announces Change in Year-End
London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB; AIM: RMM) ('Rambler') announces it is changing its fiscal year-end to December 31st, from its current fiscal year-end of July 31st.
The main reason for the change is Rambler wishes to better align the Company's financial reporting periods to that of other industry participants in the mineral resources sector and better facilitate marketplace assessment of the Company's business performance. The change will also bring its year-end in line with its new controlling shareholder, CE Mining II Rambler Limited.
The Company will report the audited results for its five-month transitional year (August 1, 2016 - December 31, 2016) in March 2017. Thereafter, Rambler will revert to a customary quarterly reporting calendar based on a December 31st financial year-end, with fiscal quarters ending on the last day in March, June, September and December each year.
The following table sets forth the length and ending date of the periods, including the comparative periods, of each Interim Financial Report and the Annual Financial Statements to be filed for Rambler's transition year and its new financial year:
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