Board Appointment

RNS Number : 3812A

Rambler Metals & Mining PLC

19 February 2014

 

19 February 2014

Board Appointment

London, England & Baie Verte, Newfoundland and Labrador, Canada - Further to the announcement on 15 January 2014 appointing Norman Williams as President and CEO of Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company'), the Company is pleased to announce Mr. Williams has now been appointed to the board of Rambler with immediate effect.

Mr. Norman Patrick Williams (aged 40) was appointed Chief Financial Officer in 2010 having joined as Financial Controller two years prior. He is a Chartered Accountant with over fifteen years of financial and management experience. Prior to joining the Company, he served in management roles in finance and administration at the St. John's Port Authority in Newfoundland and earlier as Senior Manager at Deloitte where he was closely involved with a number of junior exploration companies. Mr. Williams completed a Bachelor of Commerce degree at Memorial University of Newfoundland and received his CA from The Canadian Institute of Chartered Accountants. He is currently a director of Rambler Metals and Mining Canada Limited.

With Mr. Williams' appointment to President and CEO, and to the Board of Directors, Mr. Williams has been issued options over 750,000 ordinary shares in the Company. Per the Company's stock option plan, these options are exercisable over a ten year period at a price of CDN $0.50 per share and vest in two parts: the first of 500,000 immediately and the second of 250,000 on the first anniversary of the grant, 19 February 2015.   Mr. Williams currently holds nil shares in the Company but has incentive stock options over 1,175,000 ordinary shares (including the grant of 750,000 stock options).

An additional 500,000 stock options have been issued to key management.  These options are exercisable over a ten year period at a price of CDN $0.50 per share and vest in three equal parts: the first immediately and the second and third on the first and second anniversary of the grant.

There are no other matters which are required to be announced with regard to the appointments under paragraph (g) of Schedule 2 of the AIM Rules.

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.

The Company's Vision is to be Atlantic Canada's leading mine operator and resource developer through growth and expansion of its existing assets; discovering new deposits; strategic partnerships; mergers and acquisitions. 

For further information, please contact:

Peter Mercer Vice President and Corporate Secretary Rambler Metals and Mining Tel No: 709-800-1929 Fax No: 709-800-1921	Rambler Metals & Mining Plc Corporate Office                   Tel No: [phone] Fax No: [phone]
Stewart Dickson / Jeremy Stephenson Cantor Fitzgerald Europe Tel No: [phone]	Tim Blythe/Halimah Hussain Blythe Weigh Communications Tel No: [phone]	Guy Wilkes Ocean Equities Limited Tel No: [phone]

Website: www.ramblermines.com

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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