HONG KONG, CHINA--(Marketwire - July 19, 2012) - Tinma International Ltd. ("Tinma") announces pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that it has acquired ownership and control, by way of a non-brokered private placement subscription of an additional 7,118,012 ordinary shares (the "Additional Shares") in the capital of Rambler Metals and Mining plc (TSX VENTURE:RAG)(AIM:RMM) ("Rambler"), representing approximately 5.26% of Rambler's issued and outstanding ordinary shares.
Prior to the acquisition of the Additional Shares, Tinma had ownership and control over 15,618,980 ordinary shares in the capital of Rambler, being approximately 11.55% of Rambler's issued and outstanding ordinary shares. As a result of the acquisition of the Additional Shares, Tinma has ownership and control of an aggregate of 22,736,992 ordinary shares in the capital of Rambler, representing approximately 15.97% of Rambler's issued and outstanding ordinary shares.
The Additional Shares were purchased privately through the Company at a price of C$0.58 per ordinary share.
The Additional Shares were purchased by Tinma for investment purposes. Such investment will be reviewed by Tinma on a continuing basis and such holdings may be increased or decreased in the future. Tinma may acquire additional ordinary shares of Rambler through the open market, privately or otherwise, as the circumstances or market conditions warrant.
A copy of the early warning report relating to this transaction is available under Rambler's profile at www.sedar.com.
To obtain a copy of the early warning report contact Dalis Chan via the contact information listed below.
Huang Zhao Qiang
Tinma International Ltd.
Room 2302, Tung Wai Commercial Building
No. 109-111 Gloucester Road, Wanchai, Hong Kong
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.