SOURCE: EMED Mining Public Limited

July 01, 2015 02:00 ET

EMED Mining Public Limited: Quarterly Financial Statements

NICOSIA, CYPRUS--(Marketwired - Jul 1, 2015) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)


EMED Mining Public Limited

("EMED or the "Company")

Quarterly Financial Statements

EMED Mining Public Limited (AIM: EMED, TSX: EMD), the Europe-based minerals development and exploration company, announces its unaudited quarterly results for the three months ended 31 March 2015, together with the unaudited, condensed interim consolidated Financial Statements.

Period Highlights

  • The Resolution containing the granting of the Mining Permit for the Rio Tinto Copper Project ("Proyecto Riotinto") was signed on 23 January 2015

  • Continued onsite development ahead of planned production restart

  • Ongoing infill drilling with a view to defining a new resource

Post Period End Highlights

  • £64.9 million capital raising completed via a placing, open offer and subscription at 4.75p per ordinary share

  • The proceeds allow the immediate completion of the Proyecto Riotinto refurbishment, leading to an earlier than expected restart of production

  • Funding in place to expand production to 7.5Mtpa

  • Liberty Metals & Mining Holdings, LLC is now a cornerstone investor alongside Urion Holdings (Malta) Limited (an indirect subsidiary of Trafigura Beheer B.V), Orion Mine Finance (Master) Fund I XLP and Yanggu Xiangguang Copper Co. Ltd (via its affiliated company Hong Kong Xiangguang International Holdings Limited)

  • Appointment of Jesus Fernandez Lopez to the Board of Directors


EMED Roger Davey/Alberto Lavandeira +34 959 59 28 50
Canaccord Genuity Limited (Corporate Broking) Henry Fitzgerald-O'Connor/
Oliver Donaldson
+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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