Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Rambler Metals & Mining financing negotiations ongoing

Fri, 01st Oct 2021 13:14

Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - Says third party "working diligently" with West Face Capital Inc and Newgen Resource Lending Inc to reach an inter-creditor agreement. Previously working on financing package from Newgen.

Company believes the third party to close the financing "as soon as possible" and will make further announcement in due course.

Proceeds of this financing will be used to continue funding mine development.

Current stock price: 19.33 pence, down 8.5% on Friday

Year-to-date change: down 46%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.


Shares in this article

Related News

Rambler Metals says no choice but to turn to voluntary liquidation
21 Apr 2023

Rambler Metals says no choice but to turn to voluntary liquidation

(Alliance News) - Rambler Metals & Mining PLC on Friday said it has "no means to continue to operate" as funds have dried up.

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale
17 Apr 2023

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Bluebird Mining Ventures + 4 more shares
TRADING UPDATES: S-Ventures files for insolvency of Lizza subsidiary
11 Apr 2023

TRADING UPDATES: S-Ventures files for insolvency of Lizza subsidiary

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Lsl Prop + 1 more share