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 million.
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.
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)
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
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