Rambler Metals & Mining Plc

Rambler Metals & Mining Plc

June 03, 2013 07:00 ET

Rambler Pays a Further $600,000 in Debt Re-Payment To Sprott Lending Partnership

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - June 3, 2013) - Rambler Metals and Mining plc, the Newfoundland copper and gold producer, explorer and developer (TSX VENTURE:RAB) (AIM:RMM) ("Rambler" or "the Company") would like to announce that on 31 May 2013 a payment of CAD$600,000 was made to Sprott Resource Lending Partnership ('Sprott'). This payment reduces the outstanding balance of the Company's credit facility to CAD$ 5.9 million.

With the additional free cash flow now being generated from operations the Company will continue reducing this debt with the intention of having the facility completely repaid by the end of calendar year 2013 or sooner. Additional information on the loan arrangement with Sprott can be found in the Company press release dated 27 March 2013.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rambler Metals and Mining
    George Ogilvie, P.Eng.
    President and CEO
    709-800-1929 or 709-800-1921

    Rambler Metals & Mining Plc
    Corporate Office
    +44 (0) 20 8652-2700
    +44 (0) 20 8652-2719 (FAX)

    Cantor Fitzgerald Europe
    Stewart Dickson / Jeremy Stephenson
    +44 (0) 20 7894 7000

    Pelham Bell Pottinger
    Marcin Zydowicz
    +44 (0) 20 7861 3921

    Ocean Equities Limited
    Guy Wilkes
    +44 (0) 20-7786-4370