SOURCE: EMED Mining Public Limited

June 24, 2013 02:06 ET

EMED Mining Public Limited: Subscription Agreements

NICOSIA, CYPRUS--(Marketwired - Jun 24, 2013) - EMED Mining Public Limited (AIM: EMED) (TSX: EMD)

24 June 2013

Subscription Agreements Signed in Connection with Conditional GBP9.6
Million Convertible Secured Loan Note Issue and Allocation of
                  Additional Off-take Rights


* GBP9.6 million (approximately US$15 million) conditionally raised
through the issue of new convertible secured loan notes to XGC and Red

* The Notes convert into Ordinary Shares at 9 pence per share which
represents a premium of 58% over the current 5 day volume-weighted
average price of the Ordinary Shares on AIM ("VWAP") immediately prior
to the day the proposed financing was announced on 13 June 2013; and

* Proposed increase in the existing off-take arrangements with Red Kite
and XGC.

EMED Mining Public Limited ("EMED Mining" or the "Company"), the
Europe-based minerals development and exploration company, is pleased
to announce that it has entered into subscription agreements with
cornerstone customers, Yanggu Xiangguang Copper Co. Ltd ("XGC") and RK
Mine Finance (Master) Fund II LP ("Red Kite") in relation to the
proposed fundraising announced on 13 June 2013. The agreements set out
the basis on which XGC and Red Kite have conditionally agreed to
provide additional finance to the Company of GBP9.6 million
(approximately US$15 million) and the increase of the Company's
committed allocation of copper concentrate product expected to be
recovered out of current ore reserves at its Rio Tinto Copper Project
from 35% to an aggregate of approximately 50%.

The fundraising is by way of the issue of GBP9.6 million (approximately
US$15 million) nominal amount of convertible secured loan notes
("Notes"). The funds will be utilised by the Company to continue final
permitting, preliminary restart activities at the Rio Tinto Copper
Project and for general working capital purposes.

The terms of the transactions with XGC and Red Kite and of the Notes
are set out below. Thesubscriptions by XGC and Red Kite and the grant
of further off-take rights are subject, inter alia, to the approval of
the Chinese National Development and Reform Committee ("NDRC") and the
conditional approval of the Toronto Stock Exchange ("TSX"). Conditional
approval has been received from the TSX, while NDRC approval is in

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