Rambler Pays a Further $600,000 in Debt Re-Payment To Sprott Lending Partnership
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR --
(Marketwired) -- 06/03/13 -- Rambler Metals and Mining plc, the
Newfoundland copper and gold producer, explorer and developer (TSX
VENTURE:RAB) (AIM:RMM) ("Rambler" or "the Company") would like to
announce that on 31 May 2013 a payment of CAD$600,000 was made to
Sprott Resource Lending Partnership ('Sprott'). This payment reduces
the outstanding balance of the Company's credit facility to CAD$ 5.9
With the additional free cash flow now being generated from
operations the Company will continue reducing this debt with the
intention of having the facility completely repaid by the end of
calendar year 2013 or sooner. Additional information on the loan
arrangement with Sprott can be found in the Company press release
dated 27 March 2013.
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.
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921
Rambler Metals & Mining Plc
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
+44 (0) 20 7894 7000
Pelham Bell Pottinger
+44 (0) 20 7861 3921
Ocean Equities Limited
+44 (0) 20-7786-4370
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