Rambler Metals Says Sale and Investment Solicitation Plan, $5 Mln Loan Approved by Court

By Anthony O. Goriainoff

Rambler Metals & Mining PLC said Thursday that a court in Canada has verbally approved a sales or investment solicitation plan and an increase in the debtor of possession charge to the full amount available of $5 million from the lender.

The U.K.-based mining company said that due to weather conditions in Newfoundland,…