NICOSIA, CYPRUS--(Marketwired - Sep 7, 2015) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)
LSE: EMED; TSX: EMD
7 September 2015
EMED Mining Public Limited
("EMED or the "Company")
Director Appointments
EMED (LSE: EMED; TSX: EMD) is pleased to announce the appointments of Hussein Barma, Stephen Scott, Jonathan Lamb and Damon Barber to the Board of Directors. The new appointments will become effective on 9 September following the Board of Directors meeting the same day. In line with previous announcements, the appointments ensure that the Company now has a Board of independent and non-independent Directors who have a wealth of industry experience and the skill sets to further develop the Company's operations and to maximise shareholder value.
EMED, with all required licenses in place, is now focussing on the commissioning stage of its 5Mtpa Phase 1 at the Riotinto copper project and is fully funded for the expansion to 7.5Mtpa ore production. As such, the Board will be focussed on developing operations and positioning the Company as a significant copper producer with scope to further increase its resource base and production whilst also exploring further opportunities to enhance its portfolio.
Background to the Appointments
As announced on 28 May 2015, each of Hong Kong Xiangguang International Holdings Limited ("HKX") (a subsidiary of Yanggu Xiangguang Copper Co. Ltd ("XGC")), Trafigura Beheer B.V ("Trafigura"), Orion Mine Finance (Master) Fund I LP ("Orion") and Liberty Metals & Mining Holdings, LLC ("Liberty Metals & Mining") has the right to appoint one nominated non-executive director to the Board. Furthermore, the Company is appointing two additional independent directors in order to ensure appropriate Board composition.
A summary of the new director appointments to the existing Board, announced today, is provided in the table below.
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| Director |
Position |
| Hussein Barma |
Independent non-executive director |
| Stephen Scott |
Independent non-executive director |
| Damon Barber |
Non-executive director appointed by Liberty Metals & Mining |
| Jonathan Lamb |
Non-executive director appointed by Orion |
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|
To view the full version of announcement, please click on the following link.
http://www.rns-pdf.londonstockexchange.com/rns/1908Y_1-2015-9-4.pdf
Enquiries:
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| EMED Mining |
Roger Davey/Alberto Lavandeira |
+34 959 59 28 50 |
| Canaccord Genuity (Nomad and Broker) |
Henry Fitzgerald-O'Connor/ Oliver Donaldson |
+44 207 523 8000 |
| Brandon Hill Capital (Broker) |
Oliver Stansfield |
+44 203 463 5061 |
| 4C Communications (Investor Relations Europe) |
Carina Corbett |
+44 203 170 7973 |
| Roth Investor Relations (Investor Relations North America) |
Michelle Roth |
+1 732 792 2200 |
| Walbrook PR (Media Relations) |
Nick Rome |
+44 207 933 8783 |
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This information is provided by RNS
The company news service from the London Stock Exchange