Company raises funds through agents Fox-Davies Capital and Fairfax
By Devika Patel
Knoxville, Tenn., Dec. 20 - EMED Mining Public Ltd. said it completed a private placement of shares. It raised £5.11 million in the placement and C$24.43 million in a public offering of stock.
In the placement, the company sold 60,126,386 ordinary shares at 8.5p each. The price per share is an 18.66% discount to the Dec. 17 closing share price of 10.45p.
Fox-Davies Capital Ltd. and Fairfax I.S. plc were the brokers.
EMED has headquarters in Cyprus; it explores for many types of mineralization such as volcanogenic-hosted massive sulphide copper-gold, epithermal gold and porphyry copper-gold.
| Issuer: | EMED Mining Public Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £5,110,742
|
| Shares: | 60,126,386
|
| Price: | 8.5p
|
| Warrants: | No
|
| Agents: | Fox-Davies Capital Ltd. and Fairfax I.S. plc
|
| Settlement date: | Dec. 20
|
| Stock symbol: | London: EMED
|
| Stock price: | 11p at close Dec. 20
|
| Market capitalization: | £44.62 million
|
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