|By PR Newswire||
|July 30, 2014 06:29 PM EDT||
DENVER, July 30, 2014 /CNW/ - Resource Capital Fund IV L.P. ("RCF IV") reports that it has entered into a share purchase agreement with a third party (the "Agreement") with respect to the 167,022,016 ordinary shares in the capital of EMED Mining Public Ltd. (the "Subject Shares") held by RCF IV.
Pursuant to the terms of the Agreement, RCF IV sold the Subject Shares to the third party for aggregate consideration of £15,031,981.44 or £0.09 per Subject Share, subject to adjustment in certain circumstances.
Prior to entering in to the Agreement, RCF IV's ownership of the Subject Shares represented approximately 13.3% of the issued share capital of EMED. As a result of the sale of the Subject Shares pursuant to the Agreement, RCF IV no longer owns any shares in the capital of EMED.
The Subject Shares were disposed of for investment purposes. RCF IV may in the future decide to invest in the share capital of EMED and, if so, RCF IV will evaluate any future investment in EMED from time to time and may, based on such evaluation of market conditions and other circumstances, increase or decrease shareholdings in EMED as circumstances require.
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see EMED's profile on the SEDAR website www.sedar.com.
SOURCE Resource Capital Fund IV L.P.
May. 2, 2016 08:30 PM EDT Reads: 661
May. 2, 2016 07:45 PM EDT Reads: 1,871
May. 2, 2016 07:00 PM EDT Reads: 1,037
May. 2, 2016 06:30 PM EDT Reads: 1,285
May. 2, 2016 06:00 PM EDT Reads: 964
May. 2, 2016 06:00 PM EDT Reads: 703
May. 2, 2016 05:30 PM EDT Reads: 1,557
May. 2, 2016 05:15 PM EDT Reads: 980
May. 2, 2016 05:00 PM EDT Reads: 1,089
May. 2, 2016 04:00 PM EDT Reads: 897
May. 2, 2016 03:45 PM EDT Reads: 1,337
May. 2, 2016 03:30 PM EDT Reads: 1,059
May. 2, 2016 03:00 PM EDT Reads: 337
May. 2, 2016 02:45 PM EDT Reads: 1,078