Inactive Instrument

Rambler Metals and Mining Plc

RMM

GB00BLFJ1613

Rambler Metals and Mining starts proceedings under CCAA

February 28, 2023 at 02:34 pm EST

Rambler Metals and Mining PLC - AIM-listed owner of Ming copper-gold mine in Baie Verte, Newfoundland and Labrador - Obtains initial order from the Supreme Court of Newfoundland and Labrador and starts proceedings under the Companies' Creditors Arrangement Act. Says the order allows for a stay of proceedings in respect of Rambler Canada, 1948, the company, and Rambler Mines Ltd and authorises Rambler Canada to continue its business in the normal course during the CCAA proceedings. States proceedings will allow time and stability to develop and implement a sale process. Secures USD5 million to allow business to continue operating.

Current stock price: Suspended

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
GOLD	2,338 USD	+0.31%	-2.25%	-
S&P GSCI GOLD INDEX	1,367 PTS	+0.20%	-2.12%	-
SILVER	27.2 USD	-0.52%	-5.11%	-

Latest news about Rambler Metals and Mining Plc

Auteco Minerals Limited completed the acquisition of Green Bay copper-gold project in Newfoundland, Canada from Rambler Metals and Mining Plc.	23-10-19	CI
Auteco Minerals Limited agreed to acquire Green Bay copper-gold project in Newfoundland, Canada from Rambler Metals and Mining Plc for AUD 68 million.	23-08-30	CI
Rambler Metals says no choice but to turn to voluntary liquidation	23-04-21	AN
BATM reports Edgility progress, Rambler starts sale	23-04-17	AN
S-Ventures files for insolvency of Lizza subsidiary	23-04-11	AN
Rambler Enters Liquidation After Directors Declare Insolvency	23-04-11	MT
Centamin targets reduction in greenhouse gases	23-03-30	AN
Rambler Metals and Mining starts proceedings under CCAA	23-02-28	AN
I-nexus to deliver growth; Craven House loss narrows	23-02-27	AN
Rambler Metals & Financing says financial position "uncertain"	23-02-20	AN
Rambler Metals pauses operations amid finance uncertainty	23-02-17	AN
Rambler Metals' financial position precarious on gold sale default	23-02-10	AN
Rambler Metals Defaults on Gold Deliveries Deal With Elemental Altus	23-02-10	MT
TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds	23-01-18	AN
Rambler Metals and Mining plc Reports Operational Results for the Fourth Quarter and Full Year of 2022	23-01-18	CI
TRADING UPDATES: MaxCyte in deal; Angus to resume Saltfleetby drilling	22-12-05	AN
Rambler Metals & Mining Forward Sells 550 Tonnes Copper	22-12-05	MT
TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition	22-11-15	AN
Rambler Metals & Mining Secures Forward Sale of Copper from Canadian Mine	22-11-15	MT
TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise	22-11-11	AN
Rambler Metals and Mining plc Provides an Operational Update	22-11-10	CI
TRADING UPDATES: DeepVerge raises GBP815,000; Rambler defaults payment	22-11-04	AN
Rambler Metals and Mining Plc Announces Repayments of Capital on a Loan Balance to NewGen Resource Lending Inc	22-10-27	CI
TRADING UPDATES: Orosur finds gold; Hummingbird hit by low gold price	22-10-21	AN
Rambler Metals and Mining plc Reports Operational Results for the Third Quarter and Nine Months of 2022	22-10-21	CI

Chart Rambler Metals and Mining Plc

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Company Profile

Rambler Metals and Mining plc is a mining and development company. It is engaged in the operation, development, and exploration of the Ming Copper-Gold Mine (Ming Mine) located in Baie Verte, Newfoundland and Labrador, Canada, and the exploration and development of other properties in its portfolio. The Ming Mine is located in Canada, on Newfoundland and Labrador's Baie Verte Peninsula. The Ming Mine ore bodies are hosted in felsic volcaniclastics and rhyolitic tuffs of the Cambrian Rambler Rhyolite formation. Its Nugget Pond milling facility is located on the Baie Verte Peninsula approximately 40 kilometers (kms) from the Ming Mine site. Its Goodyear's Cove is a fully integrated concentrate storage and shipping facility located just 140 kms from the Nugget Pond Mill. Its Little Deer Complex is approximately ten kilometers from the town of Springdale, Newfoundland and Labrador. The Little Deer Complex is a copper-rich volcanogenic sulphide deposit within the Newfoundland Appalachians.

Sector

Gold

Calendar

2024-05-12 - Q4 2023 Earnings Release (Projected)

More about the company

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