SOURCE: Rambler Metals & Mining Plc

July 27, 2016 02:00 ET

Rambler Metals & Mining PLC: Director / PDMR Shareholding - CORRECTION

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Jul 27, 2016) - Rambler Metals and Mining PLC (TSX VENTURE: RAB) (AIM: RMM) ('Rambler') announces that the following amendment has been made to the announcement released 19 July 2016, entitled "DIRECTOR / PDMR SHAREHOLDING".

The price paid for the purchase of ordinary shares by Glenn Poulter was incorrectly reported as GBP 3.75 and should read GBP 0.0375.

All other details remain unchanged.


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.

Rambler's immediate plans are to increase mine and mill production to 1,250 mtpd by the end of Fiscal 2017. This initial expansion has been fully funded through CEII's investment. Rambler will also continue advancing engineering studies on ore-pre-concentration (DMS) and shaft rehabilitation with a view to further increase production to 2,000 mtpd at the Ming Mine. In addition, Rambler has initiated a detailed investigation at the mill with a goal to increase gold recovery and production rate in the copper concentrator.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investments in the former producing Hammerdown gold mine and the advanced Valentine Lake Gold Project.

Rambler is dual listed in London under AIM:RMM and in Canada under TSX-V:RAB.

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This information is provided by RNS
The company news service from the London Stock Exchange

Contact Information

  • 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

    Stewart Dickson / Patrick Pittaway / David Porter
    Cantor Fitzgerald Europe
    Tel No: +44 (0) 20 7894 7000