Edenville Energy Plc, t he AIM quoted company developing the Rukwa coal project in southwest Tanzania, announces that at the General Meeting of the Company held earlier today in London, all resolutions put to shareholders were duly passed.. Following the passing of the resolutions the Conditional Placing to raise £410,000 through the issue of 2,050,000,000...
RNS Number: 3190 Z Edenville Energy PLC 16 May 2019 16 May 2019. Edenville Energy Plc, the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce that an updated Company presentation is available for download on the Company's website www.edenville-energy.com. RNS is approved by the Financial Conduct Authority to...
RNS Number: 1657 Z Edenville Energy PLC 15 May 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0989 Z Edenville Energy PLC 15 May 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Edenville Energy Plc, the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to provide an update with respect to its current and targeted operations for the remainder of 2019.. This funding solution was provided through the Firm Placing to raise £100,000 and Conditional Placing to raise a further £410,000 as announced...
RNS Number: 5710 Y Edenville Energy PLC 09 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0673 Y Edenville Energy PLC 03 May 2019 3 May 2019. Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, announces that following the First Admission of the 500,000,000 Firm Placing Shares on 2 May 2019, it has been advised that Alex Fullard, Dave Thomas and Will Orgee now each have respective shareholdings of...
RNS Number: 9582 X Edenville Energy PLC 03 May 2019 3 May 2019. Following the Company's General Meeting on 15 February 2019 and pursuant to the terms of the Conditional Convertible Funding Agreement between Lind and the Company, which was first announced on 6 November 2018, Edenville Energy Plc, the AIM quoted company developing a coal project in southwest...
RNS Number: 9098 X Edenville Energy PLC 02 May 2019 2 May 2019. Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, announces that following the First Admission of the 500,000,000 Firm Placing Shares earlier today, it has been advised that Neal Griffith and Oliver Stansfield each have a shareholding of 62,500,000...
Edenville Energy* (EDL LN) 0.03p, Mkt Cap £0.5m – Equity placing • The Company announced a raise of £100k (0.5bn shares at 0.02p) and a conditional raise of £410k (2.05bn share at 0.02p). • Conditional raise is subject to shareholders approving respective resolutions at the 17 May General Meeting. • £454k net proceeds of the proposed placing to be used for an expansion of mining operations at Rukwa, launching of the northern mining area, in particular, as well as to provide additional working capital for things like fuel and magnetite, among other things, that constrained operations lately. • The team expects this funding “to boost both production and subsequent sales, thereby placing the Project in a position where it is initially self-sustaining, before turning cashflow positive during the next twelve months”. • New shares (including the share from the conditional placing) will represent c.58% of the enlarged share capital. • Additionally, the Company agreed an extension of the Lind convertible facility repayment holiday period from 16 February 2019 to 1 September 2019 in return for (among further conditions): i) An in crease in the amount of the first convertible facility outstanding by 15% to $983k; ii) Convene a General Meeting to approve a 100:1 consolidation iii) Convene a General Meeting to approve allotment of 2bn new shares due to be issued to Lind under the Funding Arrangement (if the resolution not passed before 30 May, the outstanding amount of the first tranche to be increase by 10%) *SP Angel acts as Nomad and Broker to Edenville Energy
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.. Edenville Energy Plc, the AIM quoted company developing a coal project in...
Edenville Energy* (EDL LN) 0.035p, Mkt Cap £0.6m – Corporate update The Company treated 17.8kt of ROM coal during the 1 January / 26 March period producing 3.1kt of washed coal and 8.0kt of fine coal. Sales totalled 3.5kt this year most of which is washed coal. No information on revenues realised has been provided. Water treatment plant and pre-screen unit have all been installed in January and are all running as planned. Consumables supply including things like fuel and magnetite (used in the washing circuit) has been constrained due to working capital shortages. Development plans for the new open pit along strike and a transition to 24h operation has been put on hold until new capital is available. In the meantime, the team has focused on minimising its operating costs including stopping waste stripping and mining easily accessible seams while supplying core customers, As such, the management is not expecting an increase in production from current levels. On a more positive side, the Company received an order for 1,000t of fine coal which may see the Company potentially monetising existing on-site stockpiles of fine coal. Due to a shortfall of the Open Offer that constrained the Company from developing new pit, ramping up ROM feed to the plant and increasing production, the team highlighting the need to raise additional capital in the near term with the management exploring options at both corporate and project level. Conclusion: Operating numbers point to a decline in ROM coal delivered to the plant (c.5.9ktpm v 8.9kptm in Q4/18) and lower wash plant yields (17% v 25%in Q4/18) on the back of working capital constraints. While mining operations continue to run focusing on already opened up seams, delaying waste stripping will catch up unless mining rates are ramped up. Mining has been the major bottleneck in operations with wash plant operating significantly underutilised. A delay in development of the new pit with lower waste stripping ratios suggests mining will remain a constraint. *SP Angel acts as Nomad and Broker to Edenville Energy
Edenville Energy Plc (EDL.L) Announced an update on corporate developments and current operations at the Company's Rukwa Coal Project (the "Project"). The Company announced that it had raised gross proceeds of £62,418 from an open offer to existing shareholders (the "Open Offer"), coupled with a further £15,000 that was raised following a subscription for ordinary shares by Jeffrey Malaihollo, the Company's Chairman. The Open Offer sought to raise gross proceeds of up to £619,099 to strengthen Edenville's balance sheet and to progress the Company's operations at the Project, one task to specifically increase the available Run of Mine ("ROM") coal for processing through the opening up of the Company's northern pit area. Further, the audit for the year ended 31 December 2018 is now underway and Edenville expects to release its full year results for the year ended 31 December 2018 in early June 2019.
Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, provides an update on corporate developments and current operations at the Company's Rukwa Coal Project.. On 15 February 2019 the Company announced that it had raised gross proceeds of £62,418 from an open offer to existing shareholders, coupled with a further...
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.. Edenville Energy Plc, the AIM quoted company developing a coal project in...
RNS Number: 0449 Q Edenville Energy PLC 14 February 2019 14 February 2019. Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, has today received a letter from Tanzania Electric Supply Company stating that following the Company's submission of the documentation for the Request for Qualification for coal fired power...
RNS Number: 8097 P Edenville Energy PLC 12 February 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.. Open Offer to raise up to �619,099. Edenville Energy Plc, the AIM quoted company...
RNS Number: 3367 O Edenville Energy PLC 29 January 2019 29 January 2019. Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, is pleased to announce the appointment of SP Angel Corporate Finance LLP as Nominated Adviser and Broker to the Company with immediate effect.. RNS is approved by the Financial Conduct Authority to...
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Company Profile

Developing Rukwa Coal to Power Project in south west Tanzania

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Aston House
Cornwall Avenue
N3 1LF
London
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