SOURCE: EMED Mining Public Limited

July 15, 2013 02:16 ET

EMED Mining Public Limited: Completion of GBP9.6 million Loan Note Subscription

NICOSIA, CYPRUS--(Marketwired - Jul 15, 2013) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)




AIM: EMED

TSX: EMD                                                  15 July 2013

                   EMED Mining Public Limited



                ("EMED Mining" or the "Company")





  Completion of GBP9.6 million Loan Note Subscription by Cornerstone

Customers Yanggu Xiangguang Copper Co. Ltd ("XGC") and RK Mine Finance

                (Master) Fund II LP ("Red Kite")



On 24 June 2013, EMED Mining Public Limited ("EMED Mining" or the"Company"),
the Europe-based minerals development and exploration

company, announced that it had entered into subscription agreements

with cornerstone customers XGC and Red Kite in respect of a GBP9.6

million financing for convertible secured loan notes issued by the

Company (the "Notes"). EMED Mining is pleased to announce that the

transaction has received the requisite approvals from both the Toronto

Stock Exchange and the Chinese National Development and Reform

Committee.



With the satisfaction of these two material outstanding conditions to

the subscription, the transaction has now closed and the Company has

issued GBP9.6 million nominal amount of the Notes with GBP7,026,800

being subscribed by XGC and GBP2,555,200 being subscribed by Red Kite.



For additional details on the Notes and the transaction please refer to

the Company's June 24, 2013 press release.



Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining,

commented:"The closing of our scheduled financing transaction supports

preparations at the Rio Tinto Copper Project. The regulatory

authorities have again this week confirmed that we should target the

triggering of project works around the end of 2013 with production in

late 2014."The Company greatly appreciates the steady support of its financiers,

the Andalucian Government and the local communities, as we approach the

triggering of site preparations."





Enquiries



EMED Mining                 Harry Anagnostaras-Adams  +357 9945 7843



RFC Ambrian                 Stuart Laing              +61 8 9480 2500



Fox-Davies Capital          Susan Walker              +44 203 463 5028



Bishopsgate Communications  Nick Rome                 +44 207 562 3350



Proconsul Capital           Andreas Curkovic          +1 416 577 9927





For further information on the Company's activities, visit

 www.emed-mining.com  or  www.emed.tv 







                    This information is provided by RNS

          The company news service from the London Stock Exchange



END

Contact Information