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Edenville Energy PLC (EDL)

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Monday 02 September, 2019

Edenville Energy PLC

Cash Payment to Lind

RNS Number : 9015K
Edenville Energy PLC
02 September 2019
 

2 September 2019

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Cash Payment to Lind

Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, announces that the second cash payment under the funding agreement (the "Funding Agreement") with Lind Partners LLC ("Lind") of US$50,637.38 was made on 30 August 2019. This follows the expiration of the repayment holiday that was described in the Company's announcement of 29 April 2019.  

A balance of US$934,087.50 remains outstanding under the Funding Agreement and is repayable on a monthly basis at an amount of US$50,637.38 per month.  The Company's intention is to satisfy subsequent repayments through cash rather than through the issuance of the Company's ordinary shares to Lind.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

 

For further information please contact:

Edenville Energy Plc

Jeff Malaihollo - Chairman

Rufus Short - CEO

 

+44 (0) 20 3934 6630

SP Angel Corporate Finance LLP

(Nominated Adviser and Joint Broker)

David Hignell

Jamie Spotswood

Abigail Wayne

 

+44 (0) 20 3470 0470

Brandon Hill Capital Ltd

(Joint Broker)

Oliver Stansfield, Jonathan Evans

 

+44 20 7936 5200

IFC Advisory Limited

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

+44 (0) 20 3934 6630

 

 

 


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