Newfoundland, Canada (FSCwire) - Rambler Metals and Mining plc (TSXV: RAB; AIM: RMM) ('Rambler' or the 'Company'), is pleased to announce that it has entered into a subscription agreement ('Subscription Agreement') for the private placement ('Private Placement') of 44,400,000 ordinary shares of £0.01 each in the Company ('Private Placement Shares') with Lombard Odier Asset Management (USA) Corp, acting in its capacity as discretionary asset manager for certain funds managed by it ('LO Managed Funds'). Pursuant to the terms of the Private Placement, the Company will issue the Private Placement Shares to LO Managed Funds at a price of £0.05 per Private Placement Share. Accordingly, the Private Placement Shares are to be issued to LO Managed Funds for an aggregate subscription price of £2,220,000 (approximately US$3,000,000).

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http://www.rns-pdf.londonstockexchange.com/rns/7965O_1-2018-5-21.pdf  

For further information, please contact:

Website: www.ramblermines.com 

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