Rambler Participates in Maritime Resources Corp. Private Placement
27.05.2014 | Marketwire
LONDON, UNITED KINGDOM and BAIE VERTE, NL and LABRADOR, CANADA -- (Marketwired - May 27, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (LSE: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today reports that it has subscribed to a placement in Maritime Resources Corp. (TSX VENTURE: MAE) ('Maritime') with CAD $129,000. See Maritime press release dated 22 May 2014 for additional details on the placement.Of the $129,000, $79,000 will be used to allow for the conversion of a $75,000 loan, plus interest, into shares of Maritime, totaling 316,000 shares. The remaining $50,000 was invested for 200,000 non-flow though ('NFT') units consisting of one common share and one non-transferable share purchase warrant. Each share purchase warrant attached to NFT Units entitles the holder to purchase one non flow-through common share at a price of $0.35 until May 21, 2015.
Following the placement Rambler will hold 6,267,460 shares of Maritime representing 17.7% of the issued outstanding shares of the Company. Funds from the placement will be used to further advance the Green Bay Property and the former producing Hammerdown Gold Mine in particular.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/0519I_1-2014-5-26.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
Contact
Norman Williams, CA, President and CEO
Rambler Metals and Mining plc
Tel No: 709-800-1929
Fax No: 709-800-1921
Peter Mercer, Corporate Secretary
Rambler Metals & Mining Plc
Tel No: +44 (0) 20 8652-2700
Fax No: +44 (0) 20 8652-2719
Stewart Dickson / Jeremy Stephenson
Cantor Fitzgerald Europe
Tel No: +44 (0) 20 7894 7000
Tim Blythe/ Camilla Horsfall
Blytheweigh
Tel No: +44 (0) 20 7138 3204
Website: www.ramblermines.com