TIDMRMM
RNS Number : 9193Z
Rambler Metals & Mining PLC
26 May 2021
26 May 2021
Result of Annual General Meeting
London, England & Newfoundland and Labrador, Canada -
Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or "the
Company"), a copper and gold producer, explorer and developer, is
pleased to announce that all resolutions proposed at the Annual
General Meeting held today were passed. The proxies received in
respect of all resolutions were as follows:
No. ORDINARY BUSINESS FOR AGAINST VOTES WITHELD
To receive and adopt the
financial statements and
reports of the directors
and auditors of the Company
for the year ended 31 December
1. 2020. 4,098,721,709 5,178,989 762,113
---------------------------------- -------------- ---------- --------------
To re-elect Terrell Ackerman
2. as a director of the Company. 4,097,648,000 6,039,403 975,408
---------------------------------- -------------- ---------- --------------
To re-elect Cong (Eason)
Chen as a director of the
3. Company. 4,097,347,995 6,339,403 975,413
---------------------------------- -------------- ---------- --------------
To re-elect Belinda Labatte
4. as a director of the Company. 4,097,638,376 6,049,022 975,413
---------------------------------- -------------- ---------- --------------
To re-elect Bradford Mills
5. as a director of the Company. 4,097,347,995 6,339,403 975,413
---------------------------------- -------------- ---------- --------------
To re-elect Mark Sander as
6. a director of the Company. 4,097,647,995 6,039,403 975,413
---------------------------------- -------------- ---------- --------------
To elect Toby Bradbury as
7. a director of the Company. 4,097,347,995 6,339,403 975,413
---------------------------------- -------------- ---------- --------------
To re-elect Priya Patil as
8. a director of the Company. 4,097,571,711 6,115,687 975,413
---------------------------------- -------------- ---------- --------------
To re-elect Richard Round
9. as a director of the Company. 4,097,281,330 6,406,068 975,413
---------------------------------- -------------- ---------- --------------
To re-appoint Kreston Reeves
LLP as the auditors of the
10. Company. 4,098,508,414 5,178,989 975,408
---------------------------------- -------------- ---------- --------------
To authorise the directors
to determine the remuneration
11. of the Company's auditors. 4,098,658,414 5,242,289 762,108
---------------------------------- -------------- ---------- --------------
SPECIAL BUSINESS
---- ---------------------------------- -------------- ---------- --------------
To approve a share consolidation
whereby every 100 ordinary
shares of 0.01 pence each
are consolidated into 1 ordinary
12. share of 1 pence each. 4,098,418,221 5,470,801 773,789
---------------------------------- -------------- ---------- --------------
To authorise the directors
13. to allot equity securities. 4,091,607,231 8,067,999 4,987,581
---------------------------------- -------------- ---------- --------------
To authorise the directors
to allot equity securities
14. for cash. 4,088,961,390 8,927,627 6,773,794
---------------------------------- -------------- ---------- --------------
To authorise the directors
to allot equity securities
for cash in connection with
a company share scheme and/or
15. share participation arrangement. 4,089,598,099 8,290,918 6,773,794
---------------------------------- -------------- ---------- --------------
A list of questions from shareholders with responses from the
Company will be published shortly on the website
at http://www.ramblermines.com .
Block listing update, Share Consolidation and Total Voting
Rights
During May 2021, the Company issued 77,295,818 new ordinary
shares of 0.01 pence from its block listing authority as announced
on 27 April 2021, for a total consideration of GBP154,591.64.
Following this share issue, the Company has the ability to issue a
further 1,014,096,824 shares under its block listing facility which
following the share consolidation will become 10,140,968 ordinary
shares of 1 pence each.
Following the Share Consolidation, there will be 108,221,444
ordinary shares of 1 pence each in issue ("Ordinary Shares").
Application has been made for the Ordinary Shares to be admitted
to trading on AIM with admission expected to take place at 8.00am
on or around 27 May 2021 ("Admission").
Following Admission, the Company's issued share capital will
comprise 108,221,444 Ordinary Shares with voting rights. This
figure of 108,221,444 Ordinary Shares may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the
Company under the Disclosure Rules and Transparency Rules of the
United Kingdom Financial Conduct Authority.
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development Company that in November
2012 brought its first mine into commercial production. The group
has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully
operational base and precious metals processing facility and
year-round bulk storage and shipping facility; all located on the
Baie Verte peninsula, Newfoundland and Labrador, Canada.
Rambler's focus is to regain its production profile at 1,350
metric tonnes per day at 2% Cu in the course of 2021 and evaluate
expansion opportunities from that base.
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer and Whales Back copper mines.
Rambler is listed in London under AIM:RMM.
For further information, please contact:
Toby Bradbury Eason Chen T im Sanford. P. Eng.
President and CEO CFO Vice President and
Rambler Metals & Mining Rambler Metals & Mining Corporate Secretary
Plc Plc Rambler Metals & Mining
Tel No: +44 (0) 20 Tel No: +44 (0) 20 Plc
8652-2700 7096 0662 Tel No: +1 (709) 532
Fax No: +44 (0) 20 Fax No: +44 (0) 20 5736
8652-2719 8609 0313 Fax No: +1 (709) 8 00
1 921
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline
Rowe
SP Angel Corporate
Finance LLP
Tel No: +44 (0) 20
3470 0470
Website: www.ramblermines.com
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including
information relating to future financial or operating performance
and other statements that express the expectations of management or
estimates of future performance constitute "forward-looking
statements". Such forward-looking statements include, without
limitation, statements regarding copper, gold and silver forecasts,
the financial strength of the Company, estimates regarding timing
of future development and production and statements concerning
possible expansion opportunities for the Company. Where the Company
expresses or implies an expectation or belief as to future events
or results, such expectation or belief are based on assumptions
made in good faith and believed to have a reasonable basis. Such
assumptions include, without limitation, the price of and
anticipated costs of recovery of, copper concentrate, gold and
silver, the presence of and continuity of such minerals at modeled
grades and values, the capacities of various machinery and
equipment, the availability of personnel, machinery and equipment
at estimated prices, mineral recovery rates, and others. However,
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by
such forward-looking statements. Such risks include, but are not
limited to, interpretation and implications of drilling and
geophysical results; estimates regarding timing of future capital
expenditures and costs towards profitable commercial operations.
Other factors that could cause actual results, developments or
events to differ materially from those anticipated include, among
others, increases/decreases in production; volatility in metals
prices and demand; currency fluctuations; cash operating margins;
cash operating cost per pound sold; costs per ton of ore; variances
in ore grade or recovery rates from those assumed in mining plans;
reserves and/or resources; the ability to successfully integrate
acquired assets; operational risks inherent in mining or
development activities and legislative factors relating to prices,
taxes, royalties, land use, title and permits, importing and
exporting of minerals and environmental protection. Accordingly,
undue reliance should not be placed on forward-looking statements
and the forward-looking statements contained in this press release
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements contained herein are made
as at the date hereof and the Company does not undertake any
obligation to update publicly or revise any such forward-looking
statements or any forward-looking statements
contained in any other documents whether as a result of new
information, future events or otherwise, except as required under
applicable security law.
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END
RAGSEMFFMEFSELI
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