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Rambler Metals and Mining plc

09:49 AM EST - Rambler Metals and Mining plc : Has entered into a subscription agreement for the private placement of 44,400,000 ordinary shares of £0.01 each in the Company with Lombard Odier Asset Management (USA) Corp, acting in its capacity as discretionary asset manager for certain funds managed by it . Pursuant to the terms of the Private Placement, the Company will issue the Private Placement Shares to LO Managed Funds at a price of £0.05 per Private Placement Share. Accordingly, the Private Placement Shares are to be issued to LO Managed Funds for an aggregate subscription price of £2,220,000 (approximately $3,000,000 U.S.). Rambler Metals and Mining plc
shares V.RAB are trading unchanged at $0.10.