Rambler Metals & Mining Plc

December 03, 2013 02:00 ET

Rambler Reduces Debt Facility With Sprott Lending Partnership by $2,650,000



December 3, 2013

Rambler Reduces Debt Facility With Sprott Lending Partnership by $2,650,000

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND--(Marketwired - Dec. 3, 2013) - Rambler Metals and Mining plc (AIM:RMM)(TSX
VENTURE:RAB) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada,
announces that on 30 November 2013 the outstanding balance of the Company's credit facility with Sprott Resource Lending
Partnership ('Sprott') was CAD$ 2.75 million.

Since the last reported payment of $500,000 in August (see press release dated 3 September 2013) the Company made
additional payments totaling $2,650,000. The repayment of this facility continues to be a main priority for the Company.

Additional information on the loan arrangement with Sprott can be found in the Company press release dated 27 March

Norman Williams, CFO, commented:

"The successful fiscal quarter, with production exceeding forecasts, has resulted in significant cash flow from
operations allowing the Company to aggressively reduce the outstanding balance on its credit facility. The Company
remains on target with its goal to extinguish this debt and aims to achieve this early in the New Year."


Rambler is a mining and development Company that in November 2012 brought its first mine into commercial production. The
group 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.

The Company's Vision is to be Atlantic Canada's leading mine operator and resource developer through the expansion of
the Ming Mine, discovering new deposits and through mergers and acquisitions. Rambler listed on the London AIM in 2005
and Toronto TSX-V in 2007.

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.

Caution Regarding Forward Looking Statements:

Certain information included in this press release, including information relating to future financial or operating
performance and other statements that express the expectations of management or estimates of future performance
constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements
regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future
development and production and statements concerning possible expansion opportunities for the Company. Where the Company
expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on
assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation,
the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity
of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of
personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking
statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially
from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not
limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future
capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results,
developments or events to differ materially from those anticipated include, among others, increases/decreases in
production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost
per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans;
reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining
or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits,
importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on
forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in
their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date
hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking
statements or any forward-looking statements contained in any other documents whether as a result of new information,
future events or otherwise, except as required under applicable law.



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


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


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


Tim Blythe / Halimah Hussain
Blythe Weigh Communications
+44 (0) 20 7138 3204


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


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