22 Jun 2021 07:00
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 | +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 |
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.