NICOSIA, CYPRUS--(Marketwire - Dec 19, 2012) -
TSXV:IEA AIM: EMED TSX: EMD 19th December 2012 EMED Mining Public Limited("EMED Mining" or the "Company") Results of General Meeting ("GM" or the "Meeting") and Update of Progress at Rio Tinto Copper Project Further to its announcements on the 14th and 28th of November 2012 relating to a proposed aggregate funding package of USD50 million with RK Mine Finance (Master) Fund II LP ("Red Kite"), EMED Mining, the Europe-based minerals development and exploration company is pleased to announce that all resolutions proposed at the General Meeting held today in at 10.00 am (CET) were duly passed by the members. The passing of the resolutions satisfies the penultimate material outstanding condition to the subscription by Red Kite (the"Subscription") of the second tranche of 13,829,787 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") at a price of 14.8 pence per share. The final condition to closing of the second tranche of the Subscription is admission of such new Ordinary Shares to trading on AIM ("Admission"). Application has been made to the London Stock Exchange for Admission which is expected to become effective on 21 December 2012. Following Admission, EMED Mining will have 1,177,165,948 Ordinary Shares in issue and Red Kite will have a holding representing approximately 5.4% thereof. During the Meeting, the Managing Director and CEO of EMED Mining, Mr Harry Anagnostaras-Adams, also presented an update to shareholders on the status of the Company's Rio Tinto Copper Project (the "Project"). A power-point presentation is available on the Company's website and a webinar will be conducted for shareholders wishing to submit questions to the Managing Director at 4.00 pm (3.00pm GMT and 10.00am EST). Click on, or paste the following link into your web browser, to view the full announcement: http://www.rns-pdf.londonstockexchange.com/rns/8895T_1-2012-12-19.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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