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Rambler raises US$3m for Ming sustained production

Rambler Metals and Mining (AIM:RMM) has raised £2.22 million (US$3 million) through a private placement to use as working capital as it moves towards sustained production of 1,250 tonnes per day at its Ming copper-gold operation in Canada.

Jacqueline Holman
Rambler will use the proceeds of the placement to sustain the Ming mine's production at 1,250tp

Rambler will use the proceeds of the placement to sustain the Ming mine's production at 1,250tp

It has agreed to issue 44.4 million ordinary shares at 5p each to discretionary asset manager Lombard Odier Asset Management, which already owns a 5.78% share in Rambler. The transaction subject to...

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