June 30 2021- RiverFort Arranges $30M Convertible Note as Part of a Larger $50m Financing Package.
Rambler Metals and Mining is a mining and development company that brought its first mine into commercial production in November 2012. The company has 100% ownership of the Ming Copper-Gold Mine in Canada, as well as fully operational precious metals processing, storage and shipping facilities.
Rambler signed a 3 year term sheet for a $20 Million senior secured loan with an institutional investor based in Toronto, Canada. Additionally, the company signed a term sheet for a $30 Million unsecured, subordinated, convertible loan provided by RiverFort Global Opportunites PCC limited and YA II PN Ltd.
The funds will be used to pay off existing $6.6M debts and to fund the company’s mine development program.