Result of Annual General Meeting

RNS Number : 3594O

Rambler Metals & Mining PLC

09 June 2022

 

9 June 2022

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
1.	To receive and adopt the financial statements and reports of the directors and auditors of the Company for the year ended 31 December 2021.	44,679,622	14,279	0
2.	To re-elect Terrell Ackerman as a director of the Company.	44,594,263	17,579	82,059
3.	To re-elect Bradford Mills as a director of the Company.	44,595,838	16,004	82,059
4 .	To re-elect Mark Sander as a director of the Company.	44,676,322	16,004	1,575
5 .	To elect Toby Bradbury as a director of the Company.	44,676,622	15,704	1,575
6.	To re-elect Priya Patil as a director of the Company.	44,594,263	99,638	0
7.	To re-elect Richard Round as a director of the Company.	44,678,197	15,704	0
8.	To re-appoint Kreston Reeves LLP as the auditors of the Company.	44,595,563	16,279	82,059
9.	To authorise the directors to determine the remuneration of the Company's auditors.	44,595,263	15,004	83,634
10.	To authorise the directors to allot equity securities.	44,391,172	302,729	0
	SPECIAL BUSINESS
11.	To authorise the directors to allot equity securities for cash.	40,126,438	4,565,761	1,702
12.	To authorise the directors to allot equity securities for cash in connection with a company share scheme and/or share participation arrangement.	44,386,470	305,729	1,702
13.	To authorise the directors to allot equity securities for cash in connection to a Fee Share arrangement.	44,222,231	468,393	3,277

  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 a target grade of 2% Cu in the course of 2022 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:

T oby Bradbury President and CEO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	Celeste Van Tonder CFO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	T im Sanford. P. Eng. VP & Corporate Secretary Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]
Nominated Advisor (NOMAD)
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 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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