Last checked at 28 Nov 2012 10:00
AIM: EMED TSX: EMD 28 November 2012
Despatch of Circular and Extraordinary General Meeting
Further to its announcement on 14 November 2012 relating to a proposed aggregate funding package of US$50 million with cornerstone customer RK Mine Finance (Master) Fund II LP ("Red Kite"), EMED Mining Public Limited (the "Company"), the Europe-based minerals development and exploration company, has today posted a circular to shareholders (the "Circular") giving notice of an Extraordinary General Meeting ("EGM") of the Company to be held at 10.00 a.m. (Spanish time) on 19 December 2012 at the Rio Tinto Mine, La Dehesa s/n Minas de Riotinto, 21660 Huelva, Spain. The EGM will consider resolutions to approve, inter alia, the allotment of 13,829,787 ordinary shares in the Company to Red Kite pursuant to a subscription agreement dated 13 November 2012 (the "Subscription Agreement").
The Company is also pleased to announce that admission of the first tranche of the subscription shares pursuant to the Subscription Agreement, being 50,000,000 ordinary shares, became effective on 20 November 2012. Following the issue of the first tranche subscription shares, the Company now has 1,163,336,161 ordinary shares in issue.
Information on voting at the EGM for holders of depositary interests representing ordinary shares in the Company ("Depositary Interests") held in CREST is set out at the end of this announcement.
Copies of the Circular will be available, free of charge, at the registered office of the Company, 1 Lampousas Street, 1095 Nicosia, Cyprus during normal business hours on any weekday until 19 December 2012 (Saturdays, Sundays and public holidays excepted) and is also available at www.emed-mining.com or under the Company's profile on SEDAR at www.sedar.com.
Enquiries
EMED Mining | Harry Anagnostaras-Adams | +357 9945 7843 |
RFC Ambrian | Stuart Laing | +61 8 9480 2500 |
Fox-Davies Capital | Simon Leathers/Susan Walker | +44 203 463 5022 |
Bishopsgate Communications | Nick Rome | +44 207 562 3350 |
Proconsul Capital | Andreas Curkovic | +1 416 577 9927 |
CREST voting instructions
Holders of Depositary Interests in CREST may transmit voting instructions by utilising the CREST voting service in accordance with the procedures described in the CREST Manual. CREST personal members or other CREST sponsored members, and those CREST members who have appointed a voting service provider, should refer to their CREST sponsor or voting service provider, who will be able to take appropriate action on their behalf.
In order for instructions made using the CREST voting service to be valid, the appropriate CREST message (a 'CREST Voting Instruction') must be properly authenticated in accordance with Euroclear's specifications and must contain the information required for such instructions, as described in the CREST Manual (available via www.euroclear.com/CREST).
To be effective, the CREST Voting Instruction must be transmitted so as to be received by the Company's agent (3RA50) no later than 10.00 a.m. (GMT) on 14 December 2012. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp applied to the CREST Voting Instruction by the CREST applications host) from which the Company's agent is able to retrieve the CREST Voting Instruction by enquiry to CREST in the manner prescribed by CREST.
Holders of Depositary Interests in CREST and, where applicable, their CREST sponsors or voting service providers should note that Euroclear does not make available special procedures in CREST for any particular messages. Normal system timings and limitations will therefore apply in relation to the transmission of CREST Voting Instructions. It is the responsibility of the Depositary Interest holder concerned to take (or, if the Depositary Interest holder is a CREST personal member or sponsored member or has appointed a voting service provider, to procure that the CREST sponsor or voting service provider takes) such action as shall be necessary to ensure that a CREST Voting Instruction is transmitted by means of the CREST voting service by any particular time. In this connection, Depositary Interest holders and, where applicable, their CREST sponsors or voting service providers are referred, in particular, to those sections of the CREST Manual concerning practical limitations of the CREST system and timings.
The Company may treat as invalid a CREST Voting Instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001.