EMED MINING PUBLIC LIMITED - ISSUE OF SHARES

AIM: EMED
TSX: EMD   

NICOSIA, Cyprus, May 24, 2011 /CNW Telbec/ - EMED Mining Public Limited ("EMED Mining") (AIM: EMED) (TSX: EMD) today announces that it has issued a total of 709,322 new ordinary shares of 0.25 pence in the Company ("Ordinary Shares") at a price of 15.8849 pence per share to Resource Capital Fund IV L.P. and RMB Australia Holdings Limited as payment of interest of US$159,370.60 pursuant to the convertible secured loan facility between the parties dated 4 March 2009.

Application has been made for the admission of the 709,322 Ordinary Shares to trading on the AIM market of the London Stock Exchange ("Admission"). Admission is expected to become effective on or around 27 May 2011. Following Admission, EMED Mining will have a total of 708,359,450 ordinary shares in issue. Application will also be made for quotation of the new shares on the TSX.

Enquiries

EMED Mining Harry Anagnostaras-Adams   +357 9945 7843
RFC Corporate Finance Stuart Laing +61 8 9480 2500
Fox-Davies Capital Simon Leathers +44 203 463 5022
Fairfax I.S. PLC Ewan Leggat/Katy Birkin +44 207 598 5368
Bishopsgate Communications   Michael Kinirons +44 207 562 3350
Proconsul Capital Andreas Curkovic +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.

 

SOURCE EMED MINING PUBLIC LIMITED

For further information:

Renmark Financial Communications Inc 
Peter Mahzari: pmahzari@renmarkfinancial.com
Christine Stewart: cstewart@renmarkfinancial.com
Media - Geneviève Bessi: gbessi@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

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EMED MINING PUBLIC LIMITED

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