Edenville Energy PLC Completion of £250,000 Placing (0556L)
April 23 2015 - 2:01AM
UK Regulatory
TIDMEDL
RNS Number : 0556L
Edenville Energy PLC
23 April 2015
23 April 2015
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Completion of GBP250,000 Placing and appointment of adviser
Placing
The Company is pleased to announce completion of a demand led
placing of 625,000,000 new ordinary shares of 0.02p each (the
"Placing"). The Placing price is equal to the closing bid price of
0.04 pence on 20 April 2015, providing the Company with GBP250,000
of additional funds.
The Placing has been undertaken with an existing long-term
shareholder along with an institution wishing to purchase Edenville
stock. The funds from the Placing will bring sufficient new money
into the Company in order to complete the mining licence
application process along with moving forward discussions with
several groups interested to partner with the Company in the Rukwa
Coal Project.
Application will be made for the Placing shares to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective on or around 8 May 2015. Following the Placing,
the issued share capital of the Company will be 7,811,921,206. The
shares issued in the Placing will rank pari passu with the existing
ordinary shares.
In addition, the subscribers to the Placing have been issued
with 625,000,000 warrants excercisable for 12 months from Admission
at 0.054p per warrant into an equivalent number of ordinary shares
in the Company.
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the Company hereby announces that,
following the Placing, it has 7,811,921,206 ordinary shares of
0.02p each in issue, each share carrying the right to one vote. The
Company does not hold any ordinary shares in treasury.
The above figure of 7,811,921,206 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Appointment of adviser
Edenville is pleased to announce the appointment of IFC Advisory
Limited as its new financial public relations and investor
relations adviser.
Contact
Edenville Energy Plc
Rufus Short - CEO +44 (0) 20 3053 8671
Cantor Fitzgerald Europe
(Nominated Advisor and Corporate Broker)
Stewart Dickson
Jeremy Stephenson +44 (0) 20 7894 7000
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring +44 (0) 20 3053 8671
This information is provided by RNS
The company news service from the London Stock Exchange
END
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