09:51 AM EST - MED Mining Public Limited : announces that it has entered into a subscription agreement with two of its cornerstone investors, Yanggu Xiangguang Copper Co. Ltd and Orion Mine Finance (Master) Fund I LP in relation to a proposed equity fundraising. The agreement sets out the basis on which XGC, through its wholly owned subsidiary Hong Kong Xiangguang International Holdings Limited, and Orion have conditionally agreed to provide additional financing to the Company by way of the issue of in aggregate 181,200,000 new ordinary shares of 0.25 pence of the Company at 7.25 pence per Ordinary Share to raise approximately £13.1 million (approximately $22 million U.S). EMED Mining Public Limited
shares T.EMD are trading unchanged at $0.15.
