EMED Mining Public Limited: Quarterly Financial Statements

NICOSIA, CYPRUS -- (Marketwired) -- 07/01/15 -- 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

EMED                         Roger Davey/Alberto        +34 959 59 28 50
                             Lavandeira
Canaccord Genuity Limited    Henry Fitzgerald-O'Connor/ +44 207 523 8000
(Corporate Broking)          Oliver Donaldson
Brandon Hill Capital         Oliver Stansfield          +44 203 463 5061
Walbrook PR                  Nick Rome                  +44 207 933 8783

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

Contacts:
RNS
Customer
Services
0044-207797-4400
[email protected]
http://www.rns.com

Source: EMED Mining Public Limited

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