22 Jun 2021 07:00
22 June 2021
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Edenville Energy Plc
("Edenville" or the "Company")
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Final Payment to Lind
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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.
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Dr Jeff Malaihollo, Edenville's Chairman and acting CEO, commented:
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"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."
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For further information please contact:Â
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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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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.