Addleshaw Goddard has advised existing client CE Mining Fund II L.P. ('CEII'), a specialised mining and mineral investment fund whose investment adviser is Plinian Capital Limited, on its Takeover Code-compliant majority investment in Rambler Metals & Mining PLC ('Rambler'), a North American copper-gold mining company which is dual-listed on AIM and the TSX Venture Exchange (TSX-V).

The deal, which completed on 2nd June 2016, sees Rambler raise approximately £10.45 million by way of an issue of ordinary shares to CEII, together with warrants over 200,000,000 additional new ordinary shares with an aggregate exercise price of £10 million. The investment will allow Rambler to continue its expansion of the Ming Copper-Gold Mine in Newfoundland.

The Addleshaw Goddard team was led by Energy & Natural Resources partner Guy Winter, and also included Shasicca Nava, Ellen Catherall and Rosie White.

Guy Winter, commenting on the transaction, said: "We are delighted to have advised CEII on another significant mining investment for the fund- this time in a commercially-producing asset that will give it first-time exposure to the North American copper and gold mining market. The mining sector continues to be an extremely challenging funding environment, but CEII's continued activity shows that nimble investors with a deep understanding of the market can still find high-quality investment opportunities."