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EMED Mining Public Limited: Completion of GBP9.6 million Loan Note Subscription

NICOSIA, CYPRUS--(Marketwired - Jul 15, 2013) - EMED Mining Public Limited ( TSX : EMD ) ( AIM : EMED )

AIM: EMED TSX: EMD 15 July 2013 EMED Mining Public Limited ("EMED Mining" or the "Company") Completion of GBP9.6 million Loan Note Subscription by Cornerstone Customers Yanggu Xiangguang Copper Co. Ltd ("XGC") and RK Mine Finance (Master) Fund II LP ("Red Kite") On 24 June 2013, EMED Mining Public Limited ("EMED Mining" or the"Company"), the Europe-based minerals development and exploration company, announced that it had entered into subscription agreements with cornerstone customers XGC and Red Kite in respect of a GBP9.6 million financing for convertible secured loan notes issued by the Company (the "Notes"). EMED Mining is pleased to announce that the transaction has received the requisite approvals from both the Toronto Stock Exchange and the Chinese National Development and Reform Committee.    With the satisfaction of these two material outstanding conditions to the subscription, the transaction has now closed and the Company has issued GBP9.6 million nominal amount of the Notes with GBP7,026,800 being subscribed by XGC and GBP2,555,200 being subscribed by Red Kite.    For additional details on the Notes and the transaction please refer to the Company's June 24, 2013 press release.    Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining, commented:"The closing of our scheduled financing transaction supports preparations at the Rio Tinto Copper Project. The regulatory authorities have again this week confirmed that we should target the triggering of project works around the end of 2013 with production in late 2014."The Company greatly appreciates the steady support of its financiers, the Andalucian Government and the local communities, as we approach the triggering of site preparations." Enquiries EMED Mining Harry Anagnostaras-Adams +357 9945 7843 RFC Ambrian Stuart Laing +61 8 9480 2500 Fox-Davies Capital Susan Walker +44 203 463 5028 Bishopsgate Communications Nick Rome +44 207 562 3350 Proconsul Capital Andreas Curkovic +1 416 577 9927 For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv This information is provided by RNS The company news service from the London Stock Exchange END