SOURCE: EMED Mining Public Limited

March 25, 2015 03:00 ET

EMED Mining Public Limited Announces Financing Update

NICOSIA, CYPRUS--(Marketwired - Mar 25, 2015) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

LSE: EMED; TSX: EMD

25 March 2015
EMED Mining Public Limited
("EMED" or the "Company")

Financing Update

EMED Mining Public Limited, the Europe-based minerals development and exploration company, provides the following update on its near and long term financing strategy.

On 24 December 2014, the Company announced that it had agreed an unsecured bridging finance facility for up to US$30 million (the "Loan") with Trafigura Beheer BV ("Trafigura"), Orion Mine Finance (Master) Fund I LP ("Orion") and Hong Kong Xiangguang International Holdings Limited ("Hong Kong Xiangguang"), an affiliate of Yanggu Xiangguang Copper Co. Limited ("XGC") (Trafigura, Orion and Hong Kong Xiangguang being the "Lenders"). Furthermore the Company announced that it had agreed with Orion and XGC that the maturity date of the secured convertible loan notes issued in July 2013 (the "Convertible Notes") shall be extended to be consistent with the date for repayment of the Loan (the "Note Extension").

Under the terms of the Loan, of which US$24 million has been drawn down to date, the repayment date is the earliest of three months following the receipt of the initial Loan funds, a change of control of the Company, or the Company raising debt or equity funding in an amount equal to or greater than the amounts outstanding under the loan agreement. Following receipt of the Loan funds by the Company on 30 December 2014, the repayment date for the Loan, and therefore the maturity date of the Convertible Notes pursuant to the Note Extension, is deemed to be 30 March 2015.

The Company has been in dialogue with the Lenders seeking to extend the Loan repayment terms, and consequently the maturity of the Convertible Notes, beyond 30 March 2015. The Company has proposed all other repayment terms of the Loan remain unchanged. These discussions currently remain ongoing.

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http://www.rns-pdf.londonstockexchange.com/rns/3726I_1-2015-3-25.pdf

Enquiries

EMED Mining               Roger Davey/Alberto Lavandeira +34 959 59 28 50
Canaccord Genuity Limited       Ryan Gaffney/Henry Fitzgerald-O'Connor +44 207 523 8000
Brandon Hill Capital Oliver Stansfield +44 203 463 5061
Walbrook PR                 Nick Rome                               +44 207 933 8783

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