| EMED Mining Public Limited: Notice of EGM Requisition | |
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NICOSIA, CYPRUS--(Marketwired - Oct 15, 2014) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED) EMED Mining Public Limited ("EMED" or the "Company") Notice of EGM Requisition EMED announces that it has received a requisition from Urion Holdings (Malta) Limited, a subsidiary of Trafigura Beheer B.V., who currently holds 17.99% of the issued share capital of the Company, (the "Proposing Shareholder") requiring the Company to call an extraordinary general meeting ("EGM"). The Proposing Shareholder is seeking to requisition an EGM to consider ordinary resolutionsto appoint four new directors and to remove Ronnie Beevor, Isaac Querub, Alberto Lavandeira, Roger Davey, Robert Francis, Jose Nicolas Sierra Lopez and Ashwath Mehra as directors of the Company. If successful, this would have the effect of removing all of the independent non-executive directors, as well as all the executive directors and replacing them with four appointees of Trafigura Beheer B.V. As previously announced, EMED's recently appointed executive management continues to make significant progress as it seeks to bring the Rio Tinto copper project back into production. Potential capital savings of US$50 million have been identified in relation to Phase 1 of the redevelopment and the Company is making significant progress in relation to the finalisation of the remaining permits required for the Rio Tinto Copper Project with the final Mining Permit and approval of the Final Restoration Plan expected before the end of 2014. The Company is currently considering this request and a further announcement shall be made in due course. Enquiries EMED Mining Ronnie Beevor/Isaac Querub +34 959 59 28 50 Canaccord Genuity Neil Elliot/Mark Palmer +44 207 523 8000 Walbrook PR Nick Rome +44 207 933 8783 For further information on the Company's activities, visit www.emed-mining.com.
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EMED Mining Public Ltd
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DEVELOPMENT STAGE |
CODE : EMED.L |
ISIN : CY0000100319 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EMED is a gold and copper development stage company based in Cyprus. EMED develops gold, copper and zinc in Cyprus and in Spain, and holds various exploration projects in Cyprus. Its main assets in development are PROYECTO RIO TINTO in Spain and KLIROU in Cyprus and its main exploration properties are DETVA, STIAVNICA-HODRUSA and BIELY VRCH in Slovakia and KLIROU in Cyprus. EMED is listed in United Kingdom. Its market capitalisation is GBX 54.7 billions as of today (US$ 65.5 billions, € 57.4 billions). Its stock quote reached its lowest recent point on September 18, 2015 at GBX 0.12, and its highest recent level on January 17, 2022 at GBX 404.00. EMED has 135 475 650 shares outstanding. |