Unsecured Bridging Finance Facility, Extension of Convertible Loan Notes and Board Changes

24 December, 2014

EMED Mining Public Limited, the Europe-based minerals development and exploration company, is pleased to announce that it has conditionally agreed an unsecured bridging finance facility for up to US$30 million (the "Loan") with Trafigura Beheer BV (“Trafigura”), Orion Mine Finance (Master) Fund I LP (“Orion”) and Hong Kong Xiangguang International Holdings Limited ("Hong Kong Xiangguang"), an affiliate of Yanggu Xiangguang Copper Co. Limited (“XGC”) (Trafigura, Orion and Hong Kong Xiangguang being the "Lenders"). The proceeds of the Loan will provide sufficient working capital for the Company to continue with its development of the Rio Tinto Copper Project (the "Project") to the end of February 2015 whilst it finalises its negotiations with key stakeholders in relation to funding the Phase 1 development plans for the Project.

…….the announcement continues. Read the entire announcement "Unsecured Bridging Finance Facility, Extension of Convertible Loan Notes and Board Changes" (377 KB pdf).