TIDMRMM
RNS Number : 3828T
Rambler Metals & Mining PLC
03 July 2018
03 July 2018
Rambler Metals & Mining
GRANT OF OPTIONS/pdmR holding
London, United Kingdom & Newfoundland and Labrador, Canada -
Rambler Metals and Mining PLC (TSXV: RAB, AIM: RMM) ('Rambler' or
'The Company') reports that after close of business on 29 June 2018
the Board of Directors has approved a grant of 8,565,000 incentive
stock options to directors, officers, and employees of the Company
under its stock option plan, in accordance with the Company's
compensation policy. The options are exercisable for five years and
issued at the Fair Market value of CAD$0.09. All options granted
will vest 100% after three years from the date of grant.
As part of the grant Norman Williams, President & CEO,
Director, has been issued options over 3,400,000 ordinary shares in
the Company. In accordance with the Company's stock option plan,
these options are exercisable over a five year period at a price of
CAD$0.09 per share and vest 100% after 3 years from the date of
grant. Mr. Williams currently holds 100,000 shares in the Company
and has incentive stock options over 4,575,000 ordinary shares.
Following this grant, Mr .Williams will have a total of 7,975,000
incentive stock options.
The notification below, made in accordance with the requirements
of the Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr. Norman Williams
--------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Executive Officer /PDMR
--------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Rambler Metals and Mining PLC
--------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------
a) Description Options over Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B06Y3F14
Identification
code
--------------------------- -----------------------------------
b) Nature of the Grant of options
transaction
--------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) CAD$0.09 3,400,000
----------
--------------------------- -----------------------------------
d) Aggregated information As above
- Aggregated
volume
- Price
--------------------------- -----------------------------------
e) Date of the 2018-06-29
transaction
--------------------------- -----------------------------------
f) Place of the Outside a Trading Venue
transaction
--------------------------- -----------------------------------
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November
2012 brought its first mine into commercial production. Rambler has
a 100 per cent ownership in the Ming Copper-Gold Mine, a fully
operational base and precious metals processing facility and year
round bulk storage and shipping facility; all located on the Baie
Verte peninsula, Newfoundland and Labrador, Canada.
Following the completion of its Phase II expansion Rambler's
focus is to sustain mine and mill production at 1,250 mtpd in 2018.
Upon sustaining its Phase II production target, Rambler will
continue advancing Phase III engineering studies with a view to
further increase production to 2,000 mtpd at the Ming Mine.
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer/ Whales Back copper mines and has
strategic investment in the former producing Hammerdown gold
mine.
Rambler is dual listed in London under AIM:RMM and in Canada
under TSX-V:RAB.
For further information, please contact:
Norman Williams, CPA,CA Peter Mercer
President and CEO Vice President, Corporate
Rambler Metals & Mining Secretary
Plc Rambler Metals & Mining Plc
Tel No: 709-800-1929 Tel No: +44 (0) 20 8652-2700
Fax No: 709-800-1921 Fax No: +44 (0) 20 8652-2719
Nominated Advisor (NOMAD) Investor Relations
David Porter, Peter Malovany Nicole Marchand Investor
Cantor Fitzgerald Europe Relations
Tel No: +44 (0) 20 7894 Tel No: 416- 428-3533
7000 Nicole@nm-ir.com
Website: www.ramblermines.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
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,
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUOUNRWBABRRR
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