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Rambler Metals In Talks To Extend Period For Loan Note Conversion

Mon, 23rd Dec 2019 14:52

(Alliance News) - Rambler Metals & Mining PLC on Monday said it and CE Mining III Rambler Ltd have mutually agreed to discuss modifying the terms of a convertible loan instrument.

The copper and gold producer, explorer & developer said it will discuss modifying the terms of the convertible loan instrument, under which senior secured convertible loan notes issued to CE Mining, in order to extend the period for conversion.

The loan notes were due to mature on November 28.

A further announcement will be made once the discussions have been finalised, Rambler said.

Shares in Rambler were down 3.9% at 2.45 pence in London on Monday.

By Lucy Heming; lucyheming@alliancenews.com

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