SOURCE: EMED Mining Public Limited

August 22, 2012 04:30 ET

EMED Mining Public Limited: Conditional Placing to Raise GBP3.5 million

NICOSIA, CYPRUS--(Marketwire - Aug 22, 2012) -

                                                          22 August 2012



* EMED Mining has conditionally raised gross proceeds of approximately
  GBP3.5 million by way of a placing in the United Kingdom and Canada.

* Proceeds to be applied in funding the cash consideration for the
  recently announced land acquisitions

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 GBP3,542,140 (before expenses)
by way of a private placement of 41,672,243 new ordinary shares of 0.25
pence each (the "Placing Shares") at an issue price of 8.5 pence each
(the "Placing Price") in the United Kingdom Canada. (the "Placing").

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

The Placing is subject to the conditional approval of the Toronto Stock
Exchange 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. (BST) on 29 August 2012. Listing of the
Placing Shares on the Toronto Stock Exchange is expected to commence on
the same date.

The net proceeds of the Placing will be largely applied in funding the
cash consideration for the recently announced acquisitions of certain
land plots (covering large parts of the tailings dams and waste dumps)
adjoining the Rio Tinto Copper Mine.

Following the issue of the Placing Shares, the Company will have a
total of 1,046,275,252ordinary shares in issue. The Placing Shares will
represent approximately 4 per cent. of the enlarged issued share
capital of the Company.

The Company has agreed to grant to each of Fox Davies and Canaccord
warrants to subscribe at the Placing Price for such number new ordinary
shares in the Company as is equal to 5% of the Placing Shares
subscribed by investors procured by them. Accordingly, an aggregate of
2,083,612 warrants will be issued to Fox-Davies and Canaccord. Such
warrants are granted conditional on Admission and expire on the fifth
anniversary of Admission.

Harry Anagnostaras-Adams, Managing Director, said: "The two recently
announced purchases of all the lands required for waste deposition at
the Rio Tinto Copper Mine successfully dealt with the last remaining
significant legacy issue.""The support from our shareholders in
parallel with this recent breakthrough is greatly appreciated,
especially during such weak capital market conditions internationally."
"Meanwhile, we have been working hard with all parties to trigger the
Rio Tinto Copper Mine restart by the end of 2012 - with the
infrastructure in place, a proven resource to mine and financing
arrangements conditionally agreed, we are well positioned to recommence
mining operations as early as possible once regulatory approvals



EMED Mining           Harry Anagnostaras-Adams        +357 9945 7843
RFC Ambrian           Stuart Laing                    +61 8 9480 2500
Fox-Davies Capital    Simon Leathers/Susan Walker     +44 203 463 5022
Fairfax I.S. PLC      Ewan Leggat/Katy Birkin         +44 207 598 5368
Bishopsgate           Nick Rome                       +44 207 562 3350
Proconsul Capital     Andreas Curkovic                +1 416 577 9927

For further information on the Company's activities, visit  or 

The Placing Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any U.S. state securities laws and may not be offered or sold
in the United States absent registration or an available exemption from
the registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. No securities commission has approved the
contents of this press release.

Forward Looking Information

This press release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company, its subsidiaries,
future growth, results of operations, performance, business prospects
and opportunities. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "believes", or variations (including negative
variations) of such words and phrases, or by the use of words or
phrases that state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on certain assumptions and
analyses made by the Company in light of its experience and perception
of historical trends, current conditions and expected future
developments and other factors it believes are appropriate.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company and/or its subsidiaries to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements
contained in this press release including, without limitation those
describedin the section entitled "Risk Factors" in the Company's
annual information form dated 30 March 2012. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
such forward-looking statements, there may be other factors that may
cause actions, events or results to differ from those anticipated,
estimated or intended. Should one or more of these risks or
uncertainties materialize or should assumptions underlying such
forward-looking statements prove incorrect, actual results, performance
or achievements may vary materially from those expressed or implied by
the forward-looking statements contained in this press release. The
forward-looking information and forward-looking statements contained
herein are made as of the date of this press release and the company
disclaims any obligation to update or review such information or
statements, whether as a result of new information, future events or
results of otherwise, except as required by law.

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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