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
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