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Rambler Metals & Mining Gets Loan From Major Shareholder (ALLISS)

15th Jan 2019 14:37

LONDON (Alliance News) - Rambler Metals & Mining PLC said Tuesday subsidiary Rambler Metals & Mining Canada Ltd has entered into a loan agreement with CE Mining III Rambler Ltd for USD1.0 million.

The unsecured loan holds a 10% fixed interest rate per annum.

CE Mining III is a subsidiary of CE Mining Fund III LP. CE Mining holds a roughly 60% stake in Rambler.

Shares in Rambler Metals & Mining were untraded Tuesday but last closed at 2.11 pence each.


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