SOURCE: EMED Mining Public Limited

June 23, 2015 07:55 ET

EMED Mining Public Limited: Result of Rump Placing

NICOSIA, CYPRUS--(Marketwired - Jun 23, 2015) - EMED Mining Public (TSX: EMD) (AIM: EMED)

TSX: EMD

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

23 June 2015

EMED Mining Public Limited
("EMED" or the "Company")

RESULT OF RUMP PLACING

EMED is pleased to announce the remaining Open Offer Shares not originally subscribed for under the Open Offer (the "Rump Placing") have all been placed and the Capital Raising of £64.9 million is fully subscribed.

Of the 26,399,206 Open Offer Shares available in the Rump Placing, 13,057,868 have been placed with institutional investors by Canaccord Genuity and Brandon Hill (the "Bookrunners") at a placing price of 4.75 pence per New Ordinary Share. Additionally, Mr Harry Liu, a director of the Company, has agreed today to subscribe directly with the Company for 13,341,338 New Ordinary Shares at a subscription price of 4.75 pence per New Ordinary Shares.

Accordingly, when including the additional conditional subscriptions described above all of the 71,993,297 New Ordinary Shares originally available under the Open Offer are expected to be conditionally subscribed for raising gross proceeds of £3.4 million.

Please click on the following link to view the full announcement:

http://www.rns-pdf.londonstockexchange.com/rns/9432Q_1-2015-6-23.pdf

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