EMED Mining Public Limited: Results of Placing Placing to RAISE £ 6.8 Million (US$10.5 Million)

NICOSIA, CYPRUS--(Marketwired - Jun 12, 2015) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

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.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of EMED Mining Public Limited or other evaluation of any securities of EMED Mining Public Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

12 June 2015

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

RESULTS OF PLACING
PLACING TO RAISE £6.8 MILLION (US$10.5 MILLION)

Further to the announcement of 28 May 2015 in which the Company announced a Capital Raising of up to £64.9 million by way of a Subscription, Placing and Open Offer, EMED is now pleased to announce the successful completion of the oversubscribed Bookbuild of the Placing element of the Capital Raising, conditionally raising £6.8 million. This is in addition to the £54.7 million already conditionally raised under the Subscription.

Following completion of the Bookbuild, a total of 143,684,210 Placing Shares have been conditionally placed by Canaccord Genuity and Brandon Hill at a price of 4.75 pence per share with institutional investors to raise gross proceeds of £6.8 million (approximately US$10.5 million). The completion of the Placing, is conditional upon inter alia the approval of shareholders at the EGM of the Company to be held on 23 June 2015 and Admission of the Placing Shares to trading on AIM which is expected on 24 June 2015.

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