Emed Mining Regulatory News (EMED)

AIM: EMED

TSX: EMD                                                                                                                      19 March 2012

Issue of equity to Cornerstone Customer Yanggu Xiangguang Copper Co. Ltd ("XGC") 

On 6 February EMED Mining Public Limited the Europe-based minerals development and exploration company, ("EMED Mining" or the "Company"), announced that it had entered into agreements with cornerstone customer XGC for an aggregate funding package of up to US$30 million of which US15 million would be by way of equity investment in the Company.  The issue of new ordinary shares of 0.25p in the Company ("Ordinary Shares") pursuant to the equity element of the package was approved by shareholders at an Extraordinary General Meeting on 12 March. 

EMED is pleased to announce that the funds for the subscription of the Ordinary Shares have been received and accordingly the Company has allotted 105,378,519 new Ordinary Shares at a price of 9p per share.  An application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective on 22 March 2012.  Funds will be released to EMED upon Admission.

Following Admission, EMED Mining will have 965,670,348 Ordinary Shares in issue and XGC will have a holding representing 10.9% thereof.

The Ordinary Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. No securities commission has approved or disapproved the contents of this press release. 

Enquiries

For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv