Mr. Norman Williams reports
RAMBLER METALS AND MINING PLC: CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT
Rambler Metals and Mining PLC has closed the final tranche of a private placement previously announced by way of news release on May 22, 2018, of an aggregate of 44.4 million ordinary shares of one penny sterling each in the company with Lombard Odier Asset Management (USA) Corp., acting in its capacity as discretionary asset manager for certain funds managed by it. Pursuant to the final tranche of the private placement, the company has issued 19.4 million private placement shares to LO Managed Funds at a price of five pence sterling per private placement share for an aggregate subscription price of 970,000 pounds sterling and such private placement shares have been admitted to trading on the Alternative Investment Market of the London Stock Exchange PLC and listed on the TSX Venture Exchange.
The company previously issued 25 million private placement shares to LO Managed Funds on the closing of the first tranche of the private placement as announced by way of a news release dated May 25, 2015.
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