AIM: EMED
27 May
2008
EMED Mining Public Limited
("EMED Mining" or "the Company")
Results of Extraordinary General Meeting
Further to the announcement made on 7 May 2008, The
Directors of EMED Mining are pleased to announce that all resolutions put to
the Shareholders' Meeting of the Company on 26 May 2008 in connection with the
placing of 50 million new ordinary shares of 0.25 pence each par value
("Placing Shares") at an issue price of 20 pence each ("Placing
Price") with existing and new shareholders (the "Placing") were
duly passed.
The Placing has raised �10 million gross (�9.6 million
net after expenses) and the Placing Shares were admitted to trading on AIM
("Admission") this morning. Fox-Davies Capital Limited
("Fox-Davies") acted as lead broker and GMP Securities Europe LLP and
Lewis Charles Securities Limited acted as sub-agents to Fox-Davies in the
Placing, which was significantly oversubscribed.
Following
the Placing and to the best of the Company's knowledge, details of the
significant shareholders and Directors in the Company are set out below:
|
Name of Significant
Shareholder
|
Shares
subscribed
for
in
the Placing
|
Interest
in EMED
Mining
ordinary shares
following
the Placing
|
%
of issued
ordinary
shares
|
% of
ordinary
shares fully diluted for options
|
|
Oxiana Limited
|
5,820,000
|
23,239,000
|
11.64%
|
9.91%
|
|
Resource Capital
Funds
|
15,000,000
|
21,482,667
|
10.76%
|
9.16%
|
|
Fidelity
International Limited
|
3,625,000
|
10,095,000
|
5.06%
|
4.30%
|
|
RMB Australia
Limited
|
2,500,000
|
10,232,902
|
5.13%
|
4.36%
|
|
Altima Partners
|
8,500,000
|
8,500,000
|
4.26%
|
3.62%
|
|
Directors
|
|
|
|
|
|
Ronnie Beevor
|
500,000
|
5,950,000
|
2.98%
|
3.54%
|
|
Harry
Anagnostaras-Adams
|
-
|
4,900,000
|
2.45%
|
6.78%
|
|
John Leach
|
500,000
|
1,210,000
|
0.61%
|
1.39%
|
|
Michael Price
|
-
|
-
|
-
|
0.30%
|
|
Gordon Toll
|
-
|
4,666,667
|
2.34%
|
2.69%
|
The
above interests include both direct and indirect holdings.
Conversion
Notice on Loan Arrangement
Further to the announcement made on 18 December, Yorkville Associates LLC of New Jersey USA ("YA") has issued a Conversion Notice relating to the conversion of shares pursuant to the terms of the Loan Agreement. YA will convert US$50,000 of the loan arrangements with EMED Mining into 103,989 Ordinary Shares in the Company (at an average price of 25.5 pence per share), and these are expected to be admitted to trading on AIM on 30 May 2008.
Mr
Harry Anagnostaras-Adams, Managing Director of EMED Mining said:
"The passing of all resolutions
reinforces our shareholders commitment to the Company and underscores their
belief in its potential. We're at an important stage because the option over
the Rio Tinto MIne, upon exercise, will facilitate the restart of production at
Spain's
largest copper deposit which has fully intact infrastructure sitting
idle. EMED Mining would then, within 6 months, establish its European
operational headquarters in Andalucia and begin supplying copper to
metal-starved customers in Europe and Asia.
"We would like to thank our shareholders
for their continued support and confidence."
Enquiries
|
EMED Mining
|
Fox-Davies Capital
|
RFC Corporate
Finance
|
Parkgreen
Communications
|
|
Harry
Anagnostaras-Adams
|
Richard Hail
|
Stuart Laing
|
Justine Howarth
|
|
+357 9945 7843
|
+44 (0)207 936 5230
|
+618 9480 2500
|
+44 20 7851 7480
|
|
www.emed-mining.com
|
|
|
|
|
www.emed.tv
|
|
|
|
GMP Securities Europe
Lewis
Charles Securities
+44 (0) 20 7647
2803
+44 (0) 20 7456 9111
James
Hannon
Kealan Doyle
====================================================================================
Thank you
for your interest in EMED MIning. Visit www.emed-mining.com for further
information.