IN BRIEF: Rambler Metals & Mining amends third loan note tranche

Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - ...

Alliance News 3 December, 2021 | 9:19PM
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Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - Agrees with NewGen Resource Lending Inc to amend third trance of USD22 million loan note to USD8.0 million from USD7.8 million, comprising USD3.0 million in debt and USD5.0 million in equity.

For the equity, Rambler will issue a total of 10.7 million shares at a price of 35 pence per share, to two unnamed Canadian institutions. Rambler Metals & Mining now has 141.8 million shares issued overall.

Current stock price: 32.50 pence, up 3.5% on Friday

Year-to-date change: down 8.5%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Rambler Metals and Mining PLC 32.75 GBX -1.50 -

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