Tinma International buys 7,118,012 ordinary shares at C$0.58 apiece
By Devika Patel
Knoxville, Tenn., July 18 - Rambler Metals and Mining plc said it settled a C$4.13 million non-brokered private placement of stock with Tinma International Ltd.
The company sold 7,118,012 ordinary shares at C$0.58 per share. The price per share is a 28.89% premium to the July 17 closing share price of C$0.45.
Proceeds will be used for general working capital and to repay a portion of the company's debt.
The copper and gold exploration and development company is based in Sutton, England.
| Issuer: | Rambler Metals and Mining plc
|
| Issue: | Ordinary shares
|
| Amount: | C$4,128,447
|
| Shares: | 7,118,012
|
| Price: | C$0.58
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Investor: | Tinma International Ltd.
|
| Settlement date: | July 18
|
| Stock symbol: | TSX Venture: RAB
|
| Stock price: | C$0.45 at close July 17
|
| Market capitalization: | C$60.86 million
|
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