Edenville Energy Plc has announced that its subsidiary, Edenville International (Tanzania) Ltd, has entered into a contract with Nextgen Coalmine Ltd for the operation of the company’s Rukwa Coal Project in Tanzania.
Edenville Energy provides operational update worldcoal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcoal.com Daily Mail and Mail on Sunday newspapers.
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Edenville Energy provides Tanzania update worldcoal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcoal.com Daily Mail and Mail on Sunday newspapers.
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Edenville Energy Plc, an AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has provided the following corporate update.
Funding agreement with Lind Partners LLC: update
The company has provided an update regarding its outstanding funding agreement with Lind Partners LLC, that was first announced on 6 November 2018 (the funding agreement).
As announced on 6 October 2020, Lind requested Edenville repay the total outstanding balance of the funding agreement, being US$580 000, by 30 November 2020. The company has since been engaged in a constructive dialogue with Lind regarding the repayment terms of the funding agreement and is pleased to report the revised repayment schedule has been agreed as follows: