FOR: RAMBLER METALS & MINING PLC TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM April 11, 2008 Rambler Metals & Mining Completes Pounds Sterling 5.8 Million Placing LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - April 11, 2008) -
Rambler Metals & Mining PLC
(TSX VENTURE:RAB)(AIM:RMM) (the "Company") announces today that it has completed its
previously announced placing of
9,660,000 Ordinary Shares at 60 pence each for gross proceeds of Pounds Sterling 5.8 million.
Net proceeds from the placing will be used by the Company to fund: - The ongoing surface drilling programme on the Rambler copper-gold property; - An underground drilling programme; - A pre-feasibility study on the Rambler copper-gold property which is expected to commence in
the second half of 2008,
and, if positive, a subsequent full feasibility study; - A programme of metallurgical testing at the Rambler copper-gold property, to include bulk
sampling programmes; and - The working capital requirements of the Company.
In addition, the funding is intended to provide the Company with the flexibility to continue
the rehabilitation of the
existing infrastructure should the results of the scoping study and the pre-feasibility study
be positive in preparation for the start of
mining.
The Ordinary Shares issued pursuant the placing are subject to the TSX Venture Exchange's
four-month hold period ending
August 12, 2008.
Ocean Equities Ltd. acted as agent for placing and received a cash commission of 5% of the
gross proceeds. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 20-7661-8104
Website: www.ramblermines.com OR Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107 8000 OR Pelham Public Relations
Chelsea Hayes
+44 (0) 20-7743-6675 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release.
Rambler Metals & Mining Plc
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