Rambler Metals & Mining repays entire loan owed to Riverfort Global

Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - Repays the entire outstanding balance of the convertible loan from Riverfort Global Opportunities PCC Ltd and YA II PN Ltd, including the early repayment premium, which comes up to USD1.1 million.

In addition, Non-Executive Director Belinda Labatter has resigned with immediate effect, after accepting the position of chief executive officer at Lomiko Metals Inc.

"As part of the use of proceeds of the loan note provided by Newgen Resource Lending Inc as announced on 29 October 2021, the company has repaid Riverfort and YA II. We would like to thank Riverfort and YA II for providing a financing solution to Rambler earlier this year while we were working to complete the secured debt financing with NewGen," says Chief Executive Officer Toby Bradbury.

Current stock price: 29.55 pence, up 36% on Monday

Year-to-date change: down 17%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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