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 Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/8085V_1-2013-12-17.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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