Result of AGM

RNS Number : 1361P

Rambler Metals & Mining PLC

05 June 2020

 

5 June 2020

Rambler Reports Results of AGM

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 resolutions 1 to 2 and 4 to 14 proposed at the Annual General Meeting held on 5 June 2020 were passed. Resolution 3 was withdrawn due to the resignation of Andre Booyzen from the board as announced on 1 June 2020.  The proxies received in respect of all resolutions were as follows:

No.	ORDINARY BUSINESS	FOR	AGAINST	VOTES WITHELD
1.	To receive and adopt the financial statements and reports of the directors and auditors of the Company for the year ended 31 December 2019.	1,058,696,144	38,662	18,095
2.	To re-elect Terrell Ackerman as a director of the Company	1,058,595,337	138,859	18,095
3.	To re-elect Andre Booyzen as a director of the Company	WITHDRAWN
4.	To re-elect Cong (Eason) Chen as a director of the Company	1,058,595,337	139,469	18,095
5.	To re-elect Belinda Labatte as a director of the Company	1,058,595,337	139,469	18,095
6.	To re-elect Bradford Mills as a director of the Company	1,058,595,334	139,469	18,098
7.	To re-elect Glenn Poulter as a director of the Company	1,058,595,337	139,469	18,095
8.	To re-elect Mark Sander as a director of the Company	1,058,595,334	139,472	18,095
9.	To elect Toby Bradbury as a director of the Company	1,058,595,337	139,469	18,095
10.	To re-appoint Kreston Reeves LLP as the auditors of the Company	1,058,695,537	39,269	18,095
11.	To authorise the directors to determine the remuneration of the Company's auditors	1,058,698,432	39,269	15,200
	SPECIAL BUSINESS
12.	To grant the board the authority to consolidate the Company's ordinary share capital	1,058,686,906	50,995	15,000
13.	To authorise the directors to allot equity securities	1,058,686,296	51,405	15,200
14.	To authorise the directors to allot equity securities for cash	1,058,686,296	51,405	15,200

A list of questions from shareholders with responses from the Company will be published shortly on the website at    http://www.ramblermines.com . 

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development company that in November 2012 brought its first mine into commercial production.  Rambler 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.

Following the completion of its recent productivity improvement initiative Rambler's focus is on sustaining mine and mill production at over 1,350 metric tonnes per day at 2% Copper at the Ming Mine with a view to increasing this to 1,500 metric tonnes per day by the end of 2020.  With a return to profitability and positive cash flow, Rambler will continue advancing engineering studies and capital asset additions to further increase production.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/Whales Back copper mines.

Rambler is listed in London under AIM:RMM.

For further information, please contact:

Toby Bradbury President and CEO Rambler Metals & Mining Plc Tel No: 709 ‐ 800 ‐ 1929 Fax No: 709 ‐ 800 ‐ 1921	Sanjay Swarup CFO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	T im Sanford. P. Eng. Vice President and Corporate Secretary Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]
Nominated Advisor and Broker
Ewan Leggat, Caroline Rowe SP Angel Corporate Finance LLP Tel No: [phone]

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 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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