EMED Mining Public Limited: Quarterly Financial Statements
01.07.2015 | Marketwire
NICOSIA, CYPRUS -- (Marketwired - Jul 1, 2015) - EMED Mining Public Ltd. (TSX: EMD) (AIM: EMED) ("EMED or the "Company"), 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 Lavandeira | +34 959 59 28 50 |
| Canaccord Genuity Limited (Corporate Broking) | Henry Fitzgerald-O'Connor Oliver Donaldson | +44 207 523 8000 |
| Brandon Hill Capital | Oliver Stansfield | +44 203 463 5061 |
| Walbrook PR | Nick Rome | +44 207 933 8783 |
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