NICOSIA, CYPRUS--(Marketwired - Sep 10, 2014) - EMED Mining Public Ltd. (AIM: EMED) (TSX: EMD) ("EMED Mining" or the "Company"), the Europe-based minerals development and exploration company, announces the issue of 4,000,000 ordinary shares of 0.25 pence each ("New Ordinary Shares").
As announced at the time of their appointment on 20 March 2014, Mr Isaac Querub and Mr Alberto Lavandeira will each be issued two million ordinary shares in the Company at par (0.25 pence per share) representing 0.14 per cent. of the issued share capital of the Company. These shares will be held in escrow and released to Mr Querub and Mr Lavandeira once they have been employed by the Company for two years or if their service agreements are terminated for certain specified reasons. Shareholder approval for the above issues of shares was obtained at the Company's Annual General Meeting held in June 2014.
Following the issue of the New Ordinary Shares Mr Querub and Mr Lavandeira hold the following interests in the share capital of the Company:
Number of Ordinary Shares Beneficially Owned
% of Company's Issued Share Capital
Restricted shares held in escrow
Share Options
I Querub
-
-
2,000,000
6,000,000
A Lavandeira
1,000,000
0.07
2,000,000
6,000,000
Application has been made for the New Ordinary Shares to be admitted to trading on AIM with admission expected to take place on or about 15 September 2014. The New Ordinary Shares will rank pari pasu in all respects with all existing ordinary shares in the Company.
Following admission of the Ordinary Shares, the Company's enlarged issued share capital will comprise 1,439,865,948 ordinary shares with voting rights.
For further information on the Company's activities, visit www.emed-mining.com.
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