Rambler Metals and Mining plc announced that, further to its announcement of October 29, 2021 regarding the completion of a three year senior secured debt financing in the amount of $22 million, the Company and NewGen Resource Lending Inc. have mutually agreed to amend the third tranche of the Loan Note from $7.8 million to a higher total of $8.0 million comprising $3.0 million debt plus $5.0 million in equity. The Company closed the revised third tranche after market close on 1 December 2021 and the total Loan Note has now decreased from $22.0 million to $17.3 million. The equity financing of $5.0 million will be completed in two tranches through the issuance of a total of 10,716,964 ordinary shares of 1 pence each in the capital of the Company at a price of 35 pence per share, being a 4.5% premium to the closing mid-market price on 1 December 2021, to two Canadian institutions with over $1 billion assets under management, respectively. The first tranche in the amount of $3.7 million for 7,898,500 Shares has been issued after market close on 1 December 2021. The second tranche will be for 2,818,464 Shares and will be subject to shareholder approval at an upcoming general meeting expected to be held in December 2021 with a circular convening the GM to be published in due course. The Company will also issue 535,848 agent warrants over ordinary shares in the Company in connection with the equity financing. The number of warrants represent 5% of the total number of shares issued in the equity financing. The exercise price of the warrants is 35 pence and the warrants expire in 4 years from the date of issue. The number of warrants attached to the Loan Note, as previously announced on 29 October 2021, was 5,400,000 and has been reduced to 4,234,091 to reflect the lower debt provided. The gold equivalent payment has been reduced from 300 ounces to 235.22 ounces.