EMED Mining Public Limited Announces Result of Open Offer

NICOSIA, CYPRUS -- (Marketwired) -- 06/22/15 -- EMED Mining Public (TSX: EMD) (AIM: EMED)

(LSE: EMED; TSX: EMD)

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

22 June 2015

EMED Mining Public Limited ("EMED" or the "Company")

RESULT OF OPEN OFFER

On 28 May 2015 the Company announced a Capital Raising of up to £ 64.9 million by way of a Subscription, Placing and Open Offer. The Open Offer comprised up to 71,993,297 New Ordinary Shares being offered by the Company to Qualifying Shareholders.

The Open Offer has now closed and the Company is pleased to announce that 45,594,091 Open Offer Shares have been conditionally subscribed for by Qualifying Shareholders. This represents approximately 63 per cent. of the total Open Offer Shares made available for subscription under the Open Offer.

As set out in the announcement dated 28 May 2015, the balance of the 26,399,206 Open Offer Shares not subscribed for under the Open Offer will today be available to be placed by Canaccord Genuity and Brandon Hill (the "Bookrunners") at a placing price of 4.75 pence with institutional and other investors (the "Rump Placing"). The Rump Placing will be conducted by way of a book build process and is not being underwritten.

A further announcement is expected to be made later today on conclusion of the Rump Placing.

Capitalised terms in this Announcement, unless otherwise defined, have the same meaning given to them in the announcement issued by the Company on 28 May 2015.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/7831Q_1-2015-6-22.pdf

This information is provided by RNS The company news service from the London Stock Exchange

Enquiries

EMED
Roger Davey/Alberto Lavandeira
+34 959 59 28 50

Canaccord Genuity Limited (Corporate Broking)
Henry Fitzgerald-O'Connor/Oliver Donaldson
+44 207 523 8000

Canaccord Genuity Limited (ECM)
Kit Stephenson
+44 207 523 8000

Brandon Hill Capital
Oliver Stansfield
+44 203 463 5061

Walbrook PR
Nick Rome
+44 207 933 8783

Source: EMED Mining Public Limited

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