NICOSIA, Cyprus, Jan. 21 /CNW/ - EMED Mining Public Limited ("EMED
Mining") today announced that it has issued a total of 367,493
new ordinary shares of 0.25 pence in the Company ("new ordinary
shares") to the partners of Mahuroda LLP (previously NWCF LLP). The
partners have exercised their option to purchase the shares at a price
of 8p per share pursuant to the terms of an option agreement between
NWCF LLP and EMED Mining dated 06 May 2005.
The Company has also issued a total of 5,553,571 new ordinary shares in
the Company to Fox-Davies Capital Limited which has exercised its
option to purchase 1,000,000 shares at a price of 9p per share and
4,553,571 shares at a price of 10.5p pursuant to the terms of the
option agreements between Fox-Davies Capital Limited and EMED Mining
dated September 2006 and April 2010.
Additionally the Company has issued a total of 1,043,025 new ordinary
shares of 0.25 pence in the Company ("Ordinary Shares") at a price of
10.8592 pence per share to Resource Capital Fund IV L.P. and RMB
Australia Holdings Limited as payment of interest of US$160,203
pursuant to the convertible secured loan facility between the parties
dated 4 March 2009.
Application has been made for the admission of the 6,964,089 Ordinary
Shares to trading on the AIM market of the London Stock Exchange
("Admission"). Admission is expected to become effective on or around
27 January 2011. Following Admission, EMED Mining will have a total of
700,110,605 ordinary shares in issue. Application will also be made for
quotation of the new shares on the TSX.
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.
For further information on EMED Mining and technical details on the
Company's projects, please refer to www.emed-mining.com.
SOURCE EMED Mining Public Limited
For further information:
|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|
|Canaccord Genuity ||Craig Warren ||+1 416 869 7316|
|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