Subscription to raise approximately £13.1 million (approximately US$22 million) through the issue of 181,200,000 new ordinary shares (the "Subscription")

15 August, 2014

EMED Mining Public Limited (“EMED Mining” or the "Company”), the Europe-based minerals development and exploration company, announces that it has entered into a subscription agreement with two of its cornerstone investors, Yanggu Xiangguang Copper Co. Ltd ("XGC") and Orion Mine Finance (Master) Fund I LP ("Orion") in relation to a proposed equity fundraising. The agreement sets out the basis on which XGC, through its wholly owned subsidiary Hong Kong Xiangguang International Holdings Limited, and Orion have conditionally agreed to provide additional financing to the Company by way of the issue of in aggregate 181,200,000 new ordinary shares of 0.25 pence of the Company ("Ordinary Shares") at 7.25 pence per Ordinary Share ("Issue Price") to raise approximately £13.1 million (approximately US$22 million).

…the announcement continues. Read the entire announcement here (140KB pdf).