REG - Primorus Investments - Investment in Rambler Metals & Mining PLC

Primorus InvestmentsAnnouncement

03/02/2022 07:00

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RNS Number : 5854A  Primorus Investments PLC  03 February 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Investment in Rambler Metals & Mining PLC

 

Primorus Investments plc (AIM: PRIM) is pleased to announce that it has
invested £276,609 in Rambler Metals & Mining PLC ("RMM"). RMM is an AIM
listed copper and gold producer, explorer and developer.

 

As part of a fundraising of £3,833,643.70 in total before expenses announced
today, Primorus has agreed to subscribe for 1,043,810 ordinary shares at
£0.265 each in RMM which equates to a total amount invested of £276,609.65.

 

In the year ended 31 December 2020, RMM had turnover of US$24.3m and made a
loss of US$1.8m.  Primorus looks forward to RMM successfully deploying the
capital raised to support the production targets it has set for its business.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors are responsible for the release of
this announcement.

 

Forward Looking Statements

 

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.  Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

 

 

For further information please contact:

 

 Primorus Investments plc

 Matthew Beardmore, Chief Executive Officer   +44 (0)20 8154 7907

 Nominated Adviser

 Cairn Financial Advisers LLP                 +44 (0) 20 7213 0880

 Sandy Jamieson/James Caithie

 

 

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