Rambler Metals & Mining PLC - copper and gold producer - Requests to draw down USD1.0 million, being 50% of the second advance pursuant to the unsecured, subordinated convertible note agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd executed on June 30. In addition, Rambler receives the first advance of USD2 million on July 1 and the current balance is USD1.7 million. With respect to the existing balance only, the variable conversion price will be amended to 93% of the average of three lowest daily volume weighted average prices of shares of Rambler during the 10 trading days immediately preceding the date of the conversion notice.
Current stock price: 25.10 pence
Year-to-date change: down 29%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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