Edenville Energy PLC Posting of Circular (9968X)
10 Mayo 2021 - 1:00AM
UK Regulatory
TIDMEDL
RNS Number : 9968X
Edenville Energy PLC
10 May 2021
10 May 2021
Edenville Energy Plc
("Edenville" or the "Company")
Posting of Circular
Edenville Energy Plc (AIM: EDL), the AIM quoted company
operating the Rukwa Coal Project in southwest Tanzania ("Rukwa") is
pleased to announce that it is today posting a Circular to
Shareholders convening a General Meeting in respect of the Placing
announced 5 May 2021.
The Circular will shortly be available on the Company's website:
https://edenville-energy.com/aim-rule-26/
The General Meeting will be held at 11.00 a.m. on 25 May 2021 at
the offices of Womble Bond Dickinson (UK) LLP at 4 More London
Riverside, London, SE1 2AU. In light of the current Covid-19
situation, the General Meeting will be held as a closed meeting and
accordingly, save for the Board, no Shareholders will be able to
physically attend the General Meeting.
Proceeds from the Placing, coupled with the Company's existing
cash resources, will be used to augment working capital and target
additional asset acquisitions, leveraging the natural resources and
capital markets expertise of its Board, and significant
shareholders, which will be materially boosted by the involvement
of Mr Buckingham who is set to become the Company's largest
shareholder. The Company also intends to use the Placing proceeds
to repay in cash the outstanding amount of US$421,313 owing to Lind
Partners LLC under the Funding Agreement dated 6 November 2018.
The Board therefore unanimously recommends that Shareholders
vote in favour of the Resolutions to be proposed at the General
Meeting, as those Directors who hold Existing Ordinary Shares
intend to do.
Capitalised terms are as defined in the Company's 7.00 am
announcement released on 5 May 2021.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman &
CEO +44 (0) 20 3934 6630
Strand Hanson Limited
(Financial and Nominated Adviser)
James Harris
Rory Murphy
Georgia Langoulant +44 (0) 02 7409 3494
Brandon Hill Capital Ltd
(Broker)
Oliver Stansfield
Jonathan Evans +44 (0) 20 7936 5200
IFC Advisory Limited
(Financial PR and IR)
Tim Metcalfe
Florence Chandler +44 (0) 20 3934 6630
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END
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