Thundermin Resources Wins Shareholders Nod for Rambler Metals and Mining Merger.
M2 EQUITYBITES-December 29, 2015-Thundermin Resources Wins Shareholders Nod for Rambler Metals and Mining Merger
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29 December 2015 - Shareholders of Canadian mining company Thundermin Resource Inc. (TSX Venture: THR) have approved the company's merger with UK-based mining firm Rambler Metals and Mining Plc (TSX Venture: RAB) (AIM: RMM), the company said.
This deal was announced on 12 November.
The merger will take place by way of an amalgamation with a subsidiary of Rambler. The amalgamation is expected to close on or before 31 December 2015.
On completion, Rambler will issue 7,142,857 ordinary shares to Thundermin shareholders.
Thundermin will, on completion of the Amalgamation, become the wholly owned subsidiary of Rambler, and Rambler will continue to trade on the TSX-V under the symbol "RAB" and on the AIM exchange under the symbol "RMM."
The consolidated group will carry on the business of Rambler as a mining, exploration and development company.
Completion of the Amalgamation remains subject to regulatory approval, including the approval of the TSX Venture Exchange and standard closing conditions.
Rambler is a mining and development company that in November 2012 brought its first mine into commercial production.
The group has a 100% ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.
In addition to the Ming Mine, Rambler has strategic investments in the former producing Hammerdown gold mine, and following the closing of this transaction, will have a 100% ownership of the Little Deer/ Whales Back copper mines.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 29, 2015|
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