April 7, 2015

EMED Mining receives US$6mln from bridging loan

EMED Mining (LON:EMED) has now received the US$6mln available under the bridging loan announced at the end of last month.


Following receipt of the funds, the total amount drawn down from the Loan is US$30 million.


Alberto Lavandeira, chief executive officer of EMED, commented: "We continue to work with all parties and this further show of support from our cornerstone investors is very pleasing. We remain committed to finalising our definitive documentation on the long term funding arrangements as we keep on track for the reopening of Proyecto Riotinto."


Shares in EMED were up 1.9% in late afternoon trading.



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