SOURCE: EMED Mining Public Limited

December 18, 2013 02:11 ET

Conditional Placing to Raise GBP5.5 Million

NICOSIA, CYPRUS--(Marketwired - Dec 18, 2013) -


EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

 Not for distribution to U.S. newswire services or for dissemination in
                         the United States

AIM: EMED

TSX: EMD                                               18 December 2013

                     EMED Mining Public Limited
                   ("EMED Mining" or the "Company")


             CONDITIONAL PLACING TO RAISE GBP5.5 MILLION


Highlights:

* EMED Mining has conditionally raised gross proceeds of approximately
  GBP5.5 million by way of a placing in the United Kingdom and Canada.

* Proceeds to be applied post permitting towards funding engineering
  and related works in connection with the re-start of the Rio Tinto
  Copper Project and for general working capital.

* Progress continues towards the completion of the permitting
  process, with Administrative Standing expected at the start of 2014.

EMED Mining Public Limited, the Europe-based minerals development and
exploration company, ("EMED Mining" or the "Company") is pleased to
announce that it has conditionally raised GBP5.5 million (before
expenses) by way of a private placement of 68,750,000 new ordinary
shares of 0.25 pence each (the "Placing Shares") at an issue price of 8
pence each (the "Placing Price") in the United Kingdom and Canada
(the"Placing"). This includes the issue of Placing Shares to Orion Mine
Finance Fund I LP (formerly Red Kite Mine Finance (Master Fund) II LP)
who wished to maintain their pro-rata shareholding of 5.4%.

The Placing was effected by Fox-Davies Capital Limited ("Fox-Davies")
and Canaccord Genuity Corp. ("Canaccord"), the Company's brokers in the
UK and Canada respectively.

The Placing is conditional, inter alia, on the conditional approval of
the Toronto Stock Exchange (the "TSX") and the Placing Shares being
admitted to trading on the AIM market of the London Stock Exchange
("Admission"). Admission is expected to occur, and trading in the
Placing Shares on AIM is expected to commence, at 8.00 a.m. (GMT) on 23
December 2013. Listing of the Placing Shares on the TSX is expected to
commence on the same date.


                               -Ends-

Enquiries

EMED Mining           John Leach                      +34 607 669 007
RFC Ambrian           StuartLaing                     +61 8 9480 2500
Fox-Davies Capital    Simon Leathers/Jonathan Evans   +44 203 463 5022
Bishopsgate
Communications        Nick Rome                       +44 207 562 3350
Proconsul Capital     Andreas Curkovic                +1 416 577 9927


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