NICOSIA, CYPRUS--(Marketwired - Sep 19, 2013) - EMED Mining Public Limited (
TSX: EMD
19 September 2013
EMED Mining Public Limited
("EMED Mining" or the "Company")
EMED Mining Announces Resignation of CEO Harry Anagnostaras-Adams,
Rod Halliday Appointed Interim CEO
The Board of Directors of EMED Mining Public Limited (TSX:EMD,
AIM:EMED) today announces that Company founder, Harry
Anagnostaras-Adams has tendered his resignation as Managing Director
and CEO of EMED Mining and will resign from the Board of Directors,
effective immediately. The Board would like to thank Mr.
Anagnostaras-Adams for his dedication, leadership and contribution to
the Company during his tenure as CEO. Mr. Rod Halliday, current CEO of
EMED Mining subsidiary, EMED Tartessus, has been appointed interim CEO
and Board member of EMED Mining while the Board conducts a search for a
new CEO. Mr. Jose Sierra, non-executive director of EMED Mining, has
been appointed as the Chairman of EMED Tartessus. Mr.
Anagnostaras-Adams will remain a significant shareholder and option
holder of EMED Mining and will remain Chairman of EMED Mining's
affiliate, Kefi Minerals to focus on that company's development.
Mr. Anagnostaras-Adams tendered his resignation after the Company has
made strong progress with the permitting process. Mr.
Anagnostaras-Adams has led EMED Mining to a strong position with regard
to project planning, financing and team building. The Board would like
to express its continued confidence in the Rio Tinto Copper Project and
the EMED Mining team and will appoint an appropriate new CEO to lead
EMED Mining through the production stage of the project.
Mr. Anagnostaras-Adams said "As the Company moves into a phase of
development and production, I have taken the decision to step down to
allow the appointment of a new CEO with a skill set more appropriate to
the future role. I would like to thank shareholders for their
continued support and look forward to the Company's transition into a
major low cost European copper producer.
EMED Mining is well placed as it approaches the production stage and I
have full confidence in the ongoing team to take the project forward.
It has been a privilege to have worked with EMED and the entire
Company's team, and to have the project advanced to its current state."
Mr. Ronnie Beevor, Chairman said "We would like to thank Harry for
bringing EMED to this point in its journey to producer. We wish him
well in his endeavors with Kefi Minerals and look forward to EMED's
continued progress and success"
Enquiries
EMED Mining Ronnie Beevor +61 409326184
RFC Ambrian Stuart Laing +61 8 9480 2500
Fox-Davies Capital Simon Leathers +44 07976 686 985
Bishopsgate Communications Nick Rome +44 207 562 3350
Proconsul Capital Andreas Curkovic +1 416 577 9927
For further information on the Company's activities, visit
www.emed-mining.com
This information is provided by RNS
The company news service from the London Stock Exchange
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