NICOSIA, CYPRUS--(Marketwired - Nov 11, 2013) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)
TSX: EMD 11 November 2013 EMED Mining Public Limited ("EMED Mining" or the "Company") Quarterly Financial Report EMED Mining Public Limited (AIM: EMED, TSX: EMD) ("EMED Mining" or "the Company"), the Europe-based minerals development and exploration company, announces its unaudited results for the three months ended 30 September 2013. The full unaudited Quarterly Report (as required by Toronto Stock Exchange reporting standards), including consolidated Financial Statements and the Management Discussion and Analysis relating to the Company, are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.emed-mining.com . Period Highlights * On 15 July 2013, the Company raised GBP9.6 million (approximately US$15 million) through subscription agreements with cornerstone investors XGC and Red Kite. * The Government affirmed its objective to process the project trigger permits (Administrative Standing, or "AS", and Environmental Plan, or "AAU") by the end of 2013 in full compliance with standard procedures for regulatory compliance. * Receipt of the independent Viability Report by the Government's independent technical expert CEDEX in respect of the refinements for the tailings management facility (TMF) as agreed with the Departments of Industry and Environment. * On 12 August 2013, Mr Jasper Bertisen resigned as a Director of the Company. * On 19 September 2013, Mr Harry Anagnostaras-Adams resigned as Managing Director and CEO of the Company and Mr Rodney John Patrick Halliday was appointed interim Managing Director and CEO. On the same day, Dr Jose Sierra Lopez, non-executive Director of EMED, was appointed as the Chairman of EMED Tartessus. John Leach, Executive Director of EMED Mining, commented:"We remain focused on obtaining the permits required prior to site start-up works - mainly the AAU and AS and the team here has been working closely and effectively with the Government to achieve this objective as soon as possible. In the meantime, we continue with our preparations on the ground in readiness for project execution and look forward to moving into the development and production stage of our cycle as soon as permitting allows." Enquiries Investors/Media: John Leach +357 99 208130 In North America: Andreas Curkovic +1 416-577-9927 This information is provided by RNS The company news service from the London Stock Exchange END