Yahoo Finance

NICOSIA, CYPRUS--(Marketwired - Jul 1, 2015) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

TSX: EMD

EMED Mining Public Limited

("EMED or the "Company")

Quarterly Financial Statements

EMED Mining Public Limited (AIM: EMED, TSX: EMD), the Europe-based minerals development and exploration company, announces its unaudited quarterly results for the three months ended 31 March 2015, together with the unaudited, condensed interim consolidated Financial Statements.

Period Highlights

• The Resolution containing the granting of the Mining Permit for the Rio Tinto Copper Project ("Proyecto Riotinto") was signed on 23 January 2015
  
  

• Continued onsite development ahead of planned production restart
  
  

• Ongoing infill drilling with a view to defining a new resource
  
  

Post Period End Highlights

• £64.9 million capital raising completed via a placing, open offer and subscription at 4.75p per ordinary share
  
  

• The proceeds allow the immediate completion of the Proyecto Riotinto refurbishment, leading to an earlier than expected restart of production
  
  

• Funding in place to expand production to 7.5Mtpa
  
  

• Liberty Metals & Mining Holdings, LLC is now a cornerstone investor alongside Urion Holdings (Malta) Limited (an indirect subsidiary of Trafigura Beheer B.V), Orion Mine Finance (Master) Fund I XLP and Yanggu Xiangguang Copper Co. Ltd (via its affiliated company Hong Kong Xiangguang International Holdings Limited)
  
  

• Appointment of Jesus Fernandez Lopez to the Board of Directors
  
  

Enquiries

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/7602R_1-2015-6-30.pdf