Ramp Metals Appoints Dr. Mark Bennett as Strategic Advisor
5 min read
Ramp Metals Inc. (“Ramp” or the “Firm”), a battery and base metals exploration firm with a give attention to nickel and lithium property, is happy to announce that the Firm has appointed Dr. Mark Bennett as a Strategic Advisor.
Dr. Bennett is a distinguished, PhD-qualified geologist within the international mining trade with over 30 years of expertise in capital elevating, mineral exploration and establishing mines, having held numerous technical, operational, government and board roles in Australia, Canada, West Africa, Europe and the US.
With a confirmed observe document within the mining trade, Dr. Bennett will draw from his experience and in depth expertise and is anticipated to play a pivotal position in stewarding Ramp in advancing its flagship Rottenstone SW property. Dr. Bennett might be advising on all features of geology whereas offering steerage to the Firm’s administration staff via the invention course of.
“We’re thrilled to have Mark be a part of the Ramp staff at such an important time within the Firm’s historical past,” commented VP of Exploration, Garrett Smith. “He brings a wealth of expertise within the discovery course of and, particularly, nickel sulphide deposits. With our Rottenstone Eye goal exhibiting placing similarities to the setting of the Nova-Bollinger deposit, we couldn’t consider a greater strategic match for our staff than the geologist who was instrumental within the discovery of Nova.”
All through his profession, Dr. Bennett has been instrumental in a number of discoveries which embody the staking and preliminary drilling of the Wahgnion gold mine in Burkina Faso for Western Mining Company, the invention and drill out of the Thunderbox gold mine and Waterloo nickel mine in Australia for LionOre Mining, and most notably, the Nova-Bollinger nickel-copper mine in Australia for Sirius Sources. He has been concerned in elevating over $1 billion in debt and fairness financing for funding exploration and improvement initiatives and overseen mergers, demergers, acquisitions, investments and divestments.
Dr. Bennett beforehand served because the founding CEO and Managing Director of Sirius Sources, an organization that raised roughly $900 million in fairness and debt financing to develop the Nova-Bollinger mine. Throughout his tenure, Sirius was considered probably the greatest performing firms listed on the Australian Securities Trade (ASX), and was acquired for a complete of AUD$1.8 billion in 2015. At Sirius, he was instantly chargeable for the invention of Nova and the next drill out, feasibility, financing, allowing and building of the mine. He’s presently the Chairman of the Board of Administrators for 2 ASX-listed firms, specifically Falcon Metals Restricted and S2 Sources Ltd and he’s a former director of Todd River Sources Restricted and IGO Restricted.
Dr. Bennett is a Fellow of the Australian Institute of Geoscientists and the Geological Society of London, and a Member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Firm Administrators. He’s a two-time winner of the Australian Mining and Exploration Corporations “Prospector Award” for his discoveries and was named “Legend in Mining” on the 2014 Worldwide Mining And Sources Convention in Melbourne.
Qualifying Transaction
On July 28, 2023, the Firm entered right into a binding merger settlement (the “Merger Settlement”) with Anacott Acquisition Company (TSXV: AAC.P) (“Anacott”) and 1429494 B.C. Ltd., a wholly-owned subsidiary of Anacott, in respect of an arm’s size reverse-takeover transaction of Anacott by Ramp (the “Proposed Transaction”), which can represent the Qualifying Transaction (as such time period is outlined in Coverage 2.4 – Capital Pool Corporations of the Company Finance Guide of the TSX Enterprise Trade) of Anacott. Additional info concerning the Qualifying Transaction may be present in Anacott’s information launch dated July 28, 2023, which is accessible underneath Anacott’s SEDAR+ profile and on the following URL: https://www.newsfilecorp.com/release/175330.
Financing Overview
The completion of the Proposed Transaction is topic to the satisfaction sure circumstances, together with however not restricted to: (i) the completion of a concurrent financing for gross proceeds of a minimal of $1,000,000 (the “Concurrent Financing”) via the issuance of both models of Anacott (every, an “Anacott Unit”) at a value of $0.20 per Anacott Unit, or and/or subscription receipts of Ramp (every, a “Ramp Subscription Receipt”) at a value of $0.20 per Ramp Subscription Receipt; (ii) the completion of the Consolidation (as outlined herein); and (iii) the receipt of all requisite regulatory, inventory alternate, or governmental authorizations and consents, together with the approval of the Trade. Every Anacott Unit issuable within the Concurrent Financing will consist of 1 post-Consolidation widespread share of Anacott (every, an “Anacott Share”) and one half of 1 share buy warrant, with every entire warrant exercisable into one post-Consolidation Anacott Share at a value of $0.35 per Anacott Share for a interval of 24 months, whereas every Ramp Subscription Receipt might be convertible into one Anacott Unit instantly previous to the closing of the Proposed Transaction.
The completion of the Proposed Transaction is topic to the satisfaction of sure circumstances, and there’s no assure that the Proposed Transaction might be accomplished on the phrases described within the Merger Settlement or in any respect.
About Ramp Metals Inc.
Ramp is a battery and base metals exploration firm with two flagship properties positioned in northern Saskatchewan and one property in Nye County, Nevada. The administration staff is captivated with inexperienced area exploration and new applied sciences. The imaginative and prescient of Ramp is to make the subsequent massive discovery required to gasoline the inexperienced know-how motion.
For additional info, please contact:
Jordan Black
Chief Government Officer
Prit Singh
Director
(905) 510-7636
FORWARD-LOOKING STATEMENTS
This information launch accommodates “forward-looking statements” inside the that means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature could represent forward-looking statements. Typically, such forward-looking info or forward-looking statements may be recognized by means of forward-looking terminology corresponding to “plans”, “expects”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations of such phrases and phrases, or could comprise statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may”, “might be taken”, “will proceed”, “will happen” or “might be achieved”. The forward-looking info and forward-looking statements contained herein embody, however usually are not restricted to, statements concerning: the completion of the Proposed Transaction; the power of Ramp and Anacott to finish the phrases on which the Proposed Transaction is meant to be accomplished, the power of Ramp and Anacott to acquire regulatory and shareholder approvals; and different elements.
These statements contain identified and unknown dangers, uncertainties and different elements, which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such statements.
Though Ramp has tried to determine necessary elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to vary from these anticipated, estimated or meant. Accordingly, readers mustn’t place undue reliance on any forward-looking statements or info. No forward-looking assertion may be assured. Besides as required by relevant securities legal guidelines, forward-looking statements converse solely as of the date on which they’re made and Ramp doesn’t undertake any obligation to publicly replace or revise any forward-looking assertion, whether or not because of new info, future occasions, or in any other case.
