Rambler Invests Further in Marathon Gold
02 Abril 2014 - 8:00AM
Marketwired
Rambler Invests Further in Marathon Gold
LONDON, UNITED KINGDOM and BAIE VERTE, NEWFOUNDLAND and
LABRADOR, CANADA--(Marketwired - Apr 2, 2014) - Rambler Metals and
Mining plc (TSX-VENTURE: RAB) (AIM: RMM) ('Rambler' or the
'Company'), a copper and gold producer operating in Newfoundland
and Labrador, Canada, today announces the closing of the second
tranche of a non-brokered private placement of common shares of
Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ)
under the terms of a subscription agreement dated December 3, 2013
and previously announced on December 4, 2013.
The placement of Marathon's common shares by way of a
non-brokered private placement generated proceeds of $250,000 and
cumulative proceeds of $500,000, with Rambler holding an option to
invest an additional $1.5 million going
forward. Post-subscription Rambler holds 1,973,918 shares of
Marathon representing 3.1% of the issued and outstanding
shares.
About Marathon Gold Corporation
Marathon is a Toronto based gold resource development company
focused on the Valentine Lake property in central Newfoundland.
Marathon's mission is to rapidly advance the Valentine Lake
project. For more information visit: www.marathon-gold.com.
The Valentine Lake property itself, owned 100% by Marathon Gold
Corporation, hosts two well defined gold deposits with NI 43-101
compliant resources: the Leprechaun Gold Deposit and the Victory
Gold Deposit. The Leprechaun Gold Deposit is located near the
south-western end of the Valentine Lake property, and the Victory
Gold Deposit is located 13 kilometers along strike to the
north-east, Newfoundland, Canada. These gold deposits form
part of a 23 km long, highly prospective gold-bearing mineralized
corridor focused along the Valentine Lake Thrust Fault.
Click on, or paste the following link into your web browser, to
view the associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/8571D_1-2014-4-2.pdf
Contacts: RNS Customer Services 0044-207797-4400
rns@londonstockexchange.com http://www.rns.com
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