Further Investment in Rambler Metals & Mining PLC

RNS Number : 1894F

Primorus Investments PLC

17 March 2022

 

Primorus   Investments   plc

("Primorus"   or   the   "Company")

Further Investment in Rambler Metals & Mining PLC

Primorus Investments plc (AIM: PRIM) is pleased to announce that it has invested an additional £107,790.45 in Rambler Metals & Mining PLC ("RMM"). RMM is an AIM listed copper and gold producer, explorer and developer.

Further to the investments announced on 16 February 2022 and 3 February 2022, Primorus has purchased an additional 393,742 shares in RMM for an average price per share of £0.2738 bringing its total shareholding in RMM to 1,699,910 ordinary shares and 1.1% of the issued share capital in RMM.

In the year ended 31 December 2020, RMM had turnover of US$24.3m and made a loss of US$1.8m. 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors are responsible for the release of this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

For further information please contact:

PrimorusInvestmentsplc Matthew Beardmore, Chief ExecutiveOfficer	[phone]
NominatedAdviser CairnFinancialAdvisersLLP SandyJamieson/James Caithie	[phone]

 

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