Rambler Metals & Mining PLC Appointment of New CFO (0028S)
06 March 2019 - 7:22PM
UK Regulatory
TIDMRMM
RNS Number : 0028S
Rambler Metals & Mining PLC
06 March 2019
6 March 2019
Rambler Announces the Appointment of its New CFO
London, England - Newfoundland and Labrador, Canada - Rambler
Metals and Mining plc (AIM: RMM) (Rambler or the Company) is
pleased to announce a change in senior leadership as the Company
now focuses on optimizing the performance of the Ming Mine. The
Board of Directors has appointed Sanjay Swarup to the position of
Chief Financial Officer, effective immediately.
Mr. Swarup holds a Masters of Business Administration from
Cranfield School of Management (Bedforshire, UK) and is a Chartered
Accountant from India with over 25 years experience in accounting
and business consulting, with 15 of those years in the resource
industry. Mr. Swarup has worked with a range of businesses such as
BP plc, Mandalay Resources and Lonmin plc. Mr. Tim Slater, the
previous CFO, will assist with the transition of responsibilities
to Mr. Sanjay before he leaves the Company to pursue other
interests.
Brad Mills, Chairman of Rambler commented, "I would like to
thank Mr. Slater for his significant contribution to Rambler over
the years. I would like to welcome Mr Swarup to the position of
CFO. The Board is looking forward to working with the new
management of Rambler to achieve its operational and financial
goals over the coming year. "
Presently there is no Board position associated with this
appointment.
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 recent productivity improvement
initiative Rambler's focus is on sustaining mine and mill
production at 1,250 metric tonnes per day. With a return to
profitability and positive cash flow, 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 currently listed in London under AIM:RMM.
For further information, please contact:
Norman Williams, CPA, Peter Mercer. P. Geo
CA Vice President, Corporate
President and CEO Secretary
Rambler Metals & Mining Rambler Metals & Mining Plc
Plc Tel No: +44 (0) 20 8652-2700
Tel No: 709-800-1929 Fax No: +44 (0) 20 8652-2719
Fax No: 709-800-1921
Nominated Advisor (NOMAD)
David Porter
Cantor Fitzgerald Europe
Tel No: +44 (0) 20 7894
7000
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.
This information is provided by RNS, the news service of the
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END
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