SOURCE: EMED Mining Public Limited

August 15, 2014 02:00 ET

EMED Mining Public Limited Announces Subscription Agreement

Subscription to Raise Approximately £13.1 Million (Approximately US$22 Million) Through the Issue of 181,200,000 New Ordinary Shares (the "Subscription")

NICOSIA, CYPRUS--(Marketwired - Aug 15, 2014) - EMED Mining Public Limited (LSE: EMED) (TSX: EMD) ("EMED Mining" or the "Company"), the Europe-based minerals development and exploration company, announces that it has entered into a subscription agreement with two of its cornerstone investors, Yanggu Xiangguang Copper Co. Ltd ("XGC") and Orion Mine Finance (Master) Fund I LP ("Orion") in relation to a proposed equity fundraising. The agreement sets out the basis on which XGC, through its wholly owned subsidiary Hong Kong Xiangguang International Holdings Limited, and Orion have conditionally agreed to provide additional financing to the Company by way of the issue of in aggregate 181,200,000 new ordinary shares of 0.25 pence of the Company ("Ordinary Shares") at 7.25 pence per Ordinary Share ("Issue Price") to raise approximately £13.1 million (approximately US$22 million).

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Contact Information

  • Enquiries
    EMED Mining
    Isaac Querub/Alberto Lavandeira
    +34 959 59 28 50

    RFC Ambrian
    Samantha Harrison
    +44 203 440 6800

    Fox-Davies Capital
    Oliver Stansfield
    +44 203 463 5061

    Walbrook Communications
    Nick Rome
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