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Shareholder Update PDF Print

EMED Mining Public Limited ("EMED Mining" or the "Company") advises it has today become aware that significant shareholder, Gold Fields Limited ("Gold Fields"), has sold its entire shareholding in EMED of 14,796,042 shares, representing approximately 6% of the fully dilluted ordinary share capital of the Company (after the recent placement that remains subject to shareholder approval).  Gold Fields' shareholding has been placed with a range of institutional investors by the Company's broker, Fox-Davies Capital Limited.

Mr Harry Anagnostaras-Adams, Managing Director of EMED Mining said:

"The Board would like to express its appreciation to Gold Fields for its technical and financial support, which has been invaluable in helping advance exploration of our Slovakian gold projects which has to date produced discoveries at the Biely Vrch, Kralova and Slatinske Lazy prospects.  Gold Fields' decision reflects in part its change in its internal priorities and EMED's increasing focus on the potential exercise of its option to acquire the Rio Tinto copper project in Spain.  We look forward to an ongoing constructive relationship between EMED and Gold Fields given the significant potential we see in our Slovakian gold assets.

"EMED is delighted with the effective placing of Gold Fields' shareholding following on from our recently announced £10 million institutional placing, further exhibiting the positive support EMED is receiving from international institutional investors." 

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Enquiries

EMED Mining

 RFC Corporate Finance

Harry Anagnostaras-Adams

 Stuart Laing

+357 9945 7843

 +61 8 9480 2500

 




Fox-Davies Capital

Parkgreen Communications

Richard Hail

Justine Howarth / Ana Ribeiro

+44 207 936 5220

+44 20 7851 7480