Edale Capital increases stake in Georgian Mining Corporation to over 6%

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                       Georgian Mining Corporation 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  -------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                    X 
----------------------------------------------------------------  ----------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ----------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ----------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  ----------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ----------------------------- 
 3. Full name of person(s)                                                    Edale Capital LLP 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                    Edale Europe Absolute Master 
  (if different from 3.):(iv)                                                              Fund 
-----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                                          23/05/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                             24/05/2017 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are                                                           Above 6% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type          Situation previous                Resulting situation after the 
  of                  to the triggering                 triggering transaction 
  shares              transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
------------------  --------------------------------  ---------------------------------------------------------------- 
                     Number           Number           Number         Number of               % of voting 
                      of               of               of shares      voting                  rights (x) 
                      Shares           Voting                          rights 
                                       Rights 
------------------  ---------------  ---------------  -------------  ----------------------  ------------------------- 
                                                       Direct         Direct     Indirect     Direct        Indirect 
                                                                      (xi)        (xii) 
------------------      -----------    -----------    -------------  ---------  -----------  ------------  ----------- 
 
 
      VGG9688A1003   4,000,000        4,000,000        4,968,750                 4,968,750                  6.18%