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Rambler Metals & Mining: Altius Capital directors leave board positions

Published: 10:36 13 Oct 2011 EDT

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Rambler Metals and Mining (LON:RMM, CVE:RAB) today confirmed the resignation of non-executive directors Brian Dalton and John Baker, who were connected to the company via Altius Capital which had a 12 per cent stake in Rambler until January this year.

The investment company decided to exit its position in Rambler as the flagship Ming gold mine neared production, because its strategy is focused on supporting earlier stage projects from initial exploration through to the development stage.

The resignations of Dalton and Baker, who are both on the board of Altius, are effective today.

"On behalf of the senior management and the board I would like to thank Brian and John for their efforts over the past 5 years and wish them every success in future endeavours,” said Rambler chairman Harry Dobson.

“Their guidance and expertise in the minerals sector, particularly in Newfoundland and Labrador, has played an indispensable role in advancing the Ming Mine through the various stages of exploration and into production for the fourth quarter of 2011.

As Rambler continues to transition into a mid-tier mining company it will continue to look to strengthen the Board with members of international pedigree and with quality networks, capable of assisting with the next phase of growth."

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