NICOSIA, Cyprus, May 10 /CNW Telbec/ - EMED Mining Public Limited ("EMED
Mining" or the "Company") (AIM: EMED) (TSX: EMD) announces that it has
received notice that a number of its employees, directors and advisers
exercised options over 7,033,555 ordinary shares of 0.25 pence each in
the capital of the Company ("Ordinary Shares"). All of these options
were originally granted on 9 May 2005 and have an exercise price of 8
pence per Ordinary Share. Options over a further 682,318 Ordinary
Shares which were granted at the same time have now expired.
Of the options that have been exercised, options over 1,250,000 Ordinary
Shares were exercised by EMED Mining's Chairman, Ronnie Beevor, and
options over 4,000,000 Ordinary Shares were exercised by Samarang
Limited, a company associated with Harry Anagnostaras-Adams, EMED
Mining's Managing Director.
Following the above exercise of options, Mr Beevor has a beneficial
interest in 7,400,000 Ordinary Shares and Mr Anagnostaras-Adams has a
beneficial interest in 9,800,000 Ordinary Shares, representing 1.05%
and 1.38% respectively of the Company's issued share capital following
the issue of the Ordinary Shares pursuant to the exercise of options.
The Company has made application to the London Stock Exchange for
7,033,555 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective on
16 May 2011. Application will also be made for quotation of the new
shares on the Toronto Stock Exchange.
Following the issue of Ordinary Shares pursuant to the exercise of
options, the Company will have 707,650,128 Ordinary Shares in issue.
RFC Corporate Finance
Fairfax I.S. PLC
Ewan Leggat/Katy Birkin
+357 9945 7843
+61 8 9480 2500
+44 203 463 5022
+44 207 598 5368
+44 207 562 3350
+1 416 577 9927
For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv
Note re US Securities
The Ordinary Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any U.S. state securities laws and may not be offered or sold
in the United States absent registration or an available exemption from
the registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. No securities commission has approved or
disapproved the contents of this press release.
Notes to Editors: About EMED Mining Public Limited
EMED Mining was admitted to trading on the AIM market of the London
Stock Exchange in May 2005 and on the Toronto Stock Exchange in
The Company is committed to responsible development of metal production
in Europe, with a focus on copper, gold and critical raw materials.
The Group's region of interest is the tectonic belts spanning across
Europe and over to the Middle East. The strategy is to evaluate
exploration and development opportunities in several jurisdictions
throughout this quality mineral belt and to promote sustainable
development practices through the implementation of European Union and
other international standards. The Company strictly implements its
Environmental & Community Policies.
EMED Mining is focused on two key projects in Spain and Slovakia:
Copper in Spain: The Company's priority is to progress the planning and permitting
process required to commence production from its wholly-owned Rio Tinto
Copper Mine. Located 65km northwest of Sevilla in Andalucía, the
open-pit mine, processing plant and waste disposal facilities has been
on care and maintenance since 2001.
Gold in Slovakia: EMED Mining discovered the Biely Vrch porphyry gold deposit and is
currently advancing the planning and permitting necessary for
EMED Mining has the following other notable earlier-stage activities:
Exploration licences in the copper-mining districts of Cyprus;
An option over a tungsten deposit in Portugal; and
A 20% shareholding in KEFI Minerals Plc which operates exploration joint
ventures in Turkey and Saudi Arabia.
SOURCE EMED MINING PUBLIC LIMITED
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