Final Payment to Lind

RNS Number : 6191C

Edenville Energy PLC

22 June 2021

 

22 June 2021

Edenville Energy Plc

("Edenville" or the "Company")

Final Payment to Lind

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to announce it has now repaid in cash the full outstanding amount of US$373,625 owing to Lind Partners LLC ("Lind") under the Funding Agreement dated 6 November 2018, following the Company's recent £2.48 million capital raise.  The Company has no further outstanding obligations to Lind.

Dr Jeff Malaihollo, Edenville's Chairman and acting CEO, commented:

"It is pleasing that Edenville has now cleared its legacy debt position utilising the Company's cash resources following the recent placing.  We look forward to announcing further updates as Edenville progresses."

For further information please contact: 

Edenville Energy Plc Jeff Malaihollo - Chairman & CEO	[phone]
Strand Hanson Limited (Financial and Nominated Adviser) James Harris Rory Murphy Georgia Langoulant	[phone]
Brandon Hill Capital Ltd (Broker)  Oliver Stansfield Jonathan Evans	[phone]
IFC Advisory Limited  (Financial PR and IR)  Tim Metcalfe Florence Chandler	[phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

END

 

 

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