Result of AGM

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
1.	To receive and adopt the financial statements and reports of the directors and auditors of the Company for the year ended 31 December 2020.	4,098,721,709	5,178,989	762,113
2.	To re-elect Terrell Ackerman as a director of the Company.	4,097,648,000	6,039,403	975,408
3.	To re-elect Cong (Eason) Chen as a director of the Company.	4,097,347,995	6,339,403	975,413
4.	To re-elect Belinda Labatte as a director of the Company.	4,097,638,376	6,049,022	975,413
5.	To re-elect Bradford Mills as a director of the Company.	4,097,347,995	6,339,403	975,413
6.	To re-elect Mark Sander as a director of the Company.	4,097,647,995	6,039,403	975,413
7.	To elect Toby Bradbury as a director of the Company.	4,097,347,995	6,339,403	975,413
8.	To re-elect Priya Patil as a director of the Company.	4,097,571,711	6,115,687	975,413
9.	To re-elect Richard Round as a director of the Company.	4,097,281,330	6,406,068	975,413
10.	To re-appoint Kreston Reeves LLP as the auditors of the Company.	4,098,508,414	5,178,989	975,408
11.	To authorise the directors to determine the remuneration of the Company's auditors.	4,098,658,414	5,242,289	762,108
	SPECIAL BUSINESS
12.	To approve a share consolidation whereby every 100 ordinary shares of 0.01 pence each are consolidated into 1 ordinary share of 1 pence each.	4,098,418,221	5,470,801	773,789
13.	To authorise the directors to allot equity securities.	4,091,607,231	8,067,999	4,987,581
14.	To authorise the directors to allot equity securities for cash.	4,088,961,390	8,927,627	6,773,794
15.	To authorise the directors to allot equity securities for cash in connection with a company share scheme and/or 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 £154,591.64. 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 President and CEO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	Eason Chen 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 (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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