Last checked at 14 Jan 2011 07:00
14 January 2011
Significant Shareholding and Exercise of Warrants
EMED Mining Public Limited (AIM: EMED, TSX: EMD) ("EMED Mining" or "the Company"), the mining exploration and development company focused on several projects in Europe, announced today a significant shareholding and the issue of shares upon exercise of warrants.
Following the Company's recent capital raising in Canada and the UK, the Company has been informed by RBC Global Asset Management Inc. that, on behalf of client accounts over which it has discretionary trading authority, it has a holding of 103,600,000 ordinary shares of the Company as at 31 December 2010. This shareholding represents 14.9% of the Company's current issued ordinary share capital and RBC Global Asset Management Inc. has become a significant shareholder in the Company, as defined by AIM listing rules.
EMED Mining is also in the process of confirming the current holdings of other significant shareholders and will provide an update on these before the end of January.
EMED Mining has issued a total 1,832,680 new ordinary shares in the Company to Fox Davies Capital Limited upon exercise of warrants. These warrants had a strike price of 7.5 pence and were issued to Fox Davies Capital Limited on the12 August 2009. Following the issue of these shares, EMED Mining has a total of 693,146,516ordinary shares on issue.
Enquiries
EMED Mining | Harry Anagnostaras-Adams | +357 9945 7843 |
RFC Corporate Finance | Stuart Laing | +61 8 9480 2500 |
Fox-Davies Capital | Simon Leathers | +44 203 463 5022 |
Fairfax I.S. PLC | Ewan Leggat/Katy Birkin | +44 207 598 5368 |
Bishopsgate Communications | Michael Kinirons | +44 207 562 3350 |
Proconsul Capital | Andreas Curkovic | +1 416 577 9927 |
Notes to Editors: About EMED Mining Public Limited
EMED Mining was admitted to trading on the AIM market of the London Stock Exchange in May 2005 and on the Toronto Stock Exchange in December 2010.
The Company is committed to responsible development of metal production in Europe, with a focus on copper, gold and critical raw materials.
The Group's region of interest is the tectonic belts spanning across Europe and over to the Middle East. The strategy is to evaluate exploration and development opportunities in several jurisdictions throughout this quality mineral belt and to promote sustainable development practices through the implementation of European Union and other international standards. The Company strictly implements its Environmental & Community Policies.
EMED Mining is focused on two key projects in Spain and Slovakia:
Copper in Spain: The Company's priority is to progress the planning and permitting process required to commence production from its wholly-owned Rio Tinto Copper Mine. Located 65km northwest of Sevilla in Andalucía, the open-pit mine, processing plant and waste disposal facilities has been on care and maintenance since 2001.
Gold in Slovakia: EMED Mining discovered the Biely Vrch porphyry gold deposit and is currently advancing the planning and permitting necessary for development.
EMED Mining has the following other notable earlier-stage activities:
·; Exploration licences in the copper-mining districts of Cyprus;
·; An option over a tungsten deposit in Portugal; and
·; A 20% shareholding in KEFI Minerals Plc which operates exploration joint ventures in Turkey and Saudi Arabia.
For further information on EMED Mining and technical details on the Company's projects, please refer to www.emed-mining.com.