Edenville Energy PLC Completion of £250,000 Placing (8034U)

TIDMEDL

RNS Number : 8034U

Edenville Energy PLC

03 August 2015

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Completion of GBP250,000 Placing

The Company is pleased to announce completion of a placing of 500,000,000 new ordinary shares of 0.02p each in the capital of the Company ("New Ordinary Shares" or "Placing Shares") at 0.05 pence per New Ordinary Share, together with 500,000,000 warrants exercisable at 0.0675p per warrant (the "Warrants" and each a "Warrant"; and together with Placing Shares, the "Placing").

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. The interested groups are experienced in constructing large scale coal to power projects and some of the groups are already active in the East Africa region.

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 14 August 2015. Following the Placing, the issued share capital of the Company will be 8,420,671,206. The shares issued in the Placing will rank pari passu with the existing ordinary shares.

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that, following the Placing, it has 8,420,671,206 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 8,420,671,206 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.

 
 Contact 
 Edenville Energy Plc                            +44 (0) 20 7653 
  Rufus Short - CEO                               9850 
 Cantor Fitzgerald Europe 
  (Nominated Advisor and Corporate 
  Broker) 
  Stewart Dickson 
  Phil Davies                                    +44 (0) 20 7894 
  Jeremy Stephenson                               7000 
 IFC Advisory 
  (Financial PR and IR) 
  Tim Metcalfe                                   +44 (0) 20 3053 
  Graham Herring                                  8671

This information is provided by RNS

The company news service from the London Stock Exchange

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