LONDON (Alliance News) - Edenville Energy PLC on Monday said it has completed a share placing and warrant issue to raise a total of GBP250,000.
Edenville said it has issued 500 million shares at 0.05 pence per share and has issued 500 million warrants exercisable at 0.0675 pence per share. Edenville shares were down 2.2% at 0.0538 pence early Monday.
The funds will be used by Edenville to back the company as it completes the mining licence application and talks with potential partners on the Rukwa coal project in Tanzania.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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