Rambler Makes a $500,000 Debt Re-Payment to Sprott Lending Partnership

Rambler Makes a $500,000 Debt Re-Payment to Sprott Lending Partnership 
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR --
(Marketwired) -- 09/03/13 -- Rambler Metals and Mining plc (TSX
VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company'), a copper and gold
producer operating in Newfoundland and Labrador, Canada, announces
that on 30 August 2013 a payment of CAD$500,000 was made to  Sprott
Resource Lending Partnership ('Sprott'). This payment reduces the
outstanding balance of the Company's credit facility with Sprott to
CAD$ 5.4 million.  
Additional information on the loan arrangement with Sprott can be
found in the Company press release dated 27 March 2013. 
Norman Williams, CFO, commented: 
"The repayment of the Sprott facility continues to be a priority for
the Company. With production and metal prices higher than Rambler
forecasted, any additional free cash generated from operations can be
used to eliminate this facility." 
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. 
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
for fiscal 2014, 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 law.
Contacts:
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921 
Rambler Metals & Mining Plc
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
www.ramblermines.com 
Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
+44 (0) 20 7894 7000 
Pelham Bell Pottinger
Marcin Zydowicz
+44 (0) 20 7861 3921 
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370
 
 
Press spacebar to pause and continue. Press esc to stop.