3rd Mar 2014 11:52
LONDON (Alliance News) - Rambler Metals and Mining PLC said Monday it had fully repaid its CAD10.0 million credit facility with Sprott Resource Lending Partnership, having completed its final payment of CAD1.0 million on February 28.
Rambler said it had cash resources at February 28 of CAD5.5 million.
"As the company's cash position strengthens, the board of directors will continue its review of capital allocation resulting from free cash to maximize shareholder value," said Chief Executive Officer Norman Williams in a statement Monday.
Shares in the mining and development company focused on Newfoundland and Labrador in Canada were trading down 0.6% at 30.56 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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