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Edenville Energy Plc, an AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has announced a number of developments.
Highlights
Proposed strategic investment by Anthony (Tony) Buckingham of £1 million as part of a £2.48 million (before expenses) placing, which includes participation from the company’s substantial shareholders of, in aggregate, an additional £1.05 million.
Additional assets targeted in line with previous announcements.
Strategic investor
The company is pleased to announce that Buckingham has agreed a £1 million strategic investment in the company through the placing (as defined below), giving him a shareholding of 18.5% of the company’s issued share capital, as enlarged by the placing, which is subject to, inter alia, shareholder approval at a General Meeting to be convened shortly.