Issue of Equity

RNS Number : 9783M

Edenville Energy PLC

19 October 2016

 

19 October 2016

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Issue of equity

Edenville Enegy plc, the Company developing an integrated coal to power project in western Tanzania, announces that the Company has issued a professional group providing Edenville with consulting services 6,247,330 new ordinary shares of 0.02p each ("New Ordinary Shares") in lieu of consultancy fees at an average price of 0.45p per share.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 25 October 2016.  Following Admission, the total number of voting rights in the Company will be 752,600,335 ordinary shares. This number may be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Edenville Energy Plc Jeff Malaihollo - Chairman Rufus Short - CEO	[phone]
Northland Capital Partners Limited (Nominated Adviser) Gerry Beaney David Hignell	[phone]
Optiva Securities Limited (Broker) Jeremy King Graeme Dickson	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

 

END

 

 

IOEZKLFFQBFBFBQ