| EMED Mining Public Limited: Financing Update and Board Changes | |
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NICOSIA, CYPRUS--(Marketwired - Dec 24, 2014) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED) EMED Mining Public Limited ("EMED" or the "Company") Unsecured Bridging Finance Facility, Extension of Convertible Loan Notes and Board Changes 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. Extension of Convertible Loan Notes The Company has also agreed with Orion and XGC that, conditional on draw down of the initial instalment of the Loan, the maturity date of the secured convertible loan notes issued in July 2013 shall be extended to be consistent with the date for repayment of the Loan (the "Note Extension"). Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/7364A_1-2014-12-24.pdf
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EMED Mining Public Ltd
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EN DÉVELOPPEMENT |
CODE : EMED.L |
ISIN : CY0000100319 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
EMED est une société développant des projet miniers d'or et de cuivre basée en Chypre. EMED est en développement de projets d'or, de cuivre et de zinc en Chypre et en Espagne, et détient divers projets d'exploration en Chypre. Ses principaux projets en développement sont PROYECTO RIO TINTO en Espagne et KLIROU en Chypre et ses principaux projets en exploration sont DETVA, STIAVNICA-HODRUSA et BIELY VRCH en Slovaquie et KLIROU en Chypre. EMED est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 54,7 milliards GBX (65,5 milliards US$, 57,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 septembre 2015 à 0,12 GBX, et son plus haut niveau récent le 17 janvier 2022 à 404,00 GBX. EMED possède 135 475 650 actions en circulation. |