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About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2120F Edenville Energy PLC 20 April 2011 \n\n20 April 2011\nEDENVILLE ENERGY PLC (\"Edenville\" or the \"Company\")\n \nExploration Update, Tanzania\n \nEdenville Energy plc (AIM:EDL), the coal focused African solid energy exploration and development company, today announces that it has acquired 3 additional exploration licences in south-western Tanzania. The Company also announces that it has withdrawn from the proposed acquisition in Tanzania referred to in the press release dated 24th March 2011. \n \n\n\n\n\nLicence\n\n\nHolder\n\n\nInterest\n\n\nStatus\n\n\nSurface Area\n\n\nLicence Expiry\n\n\n\n\n6993/2009\n\n\nEdenville International (Tanzania) Limited\n\n\n100%\n\n\nProspecting Licence\n\n\n300.00km2\n\n\n15/03/2015\n\n\n\n\n6124/2009\n\n\nEdenville International (Tanzania) Limited\n\n\n100%\n\n\nProspecting Licence\n\n\n98.76km2\n\n\n30/12/2012\n\n\n\n\n6180/2011\n\n\nEdenville International (Tanzania) Limited\n\n\n100%\n\n\nProspecting Licence\n\n\n96.23km2\n\n\n15/02/2015\n\n\n\n\n \nThe 3 exploration licences form a contiguous block covering 494.99km2 and lie adjacent to the Kiwira-Songwe Coalfield in south-western Tanzania. Total cash consideration paid to the private vendors is US$161,699.40. The licences are held by Edenville's 99.5% owned Tanzanian subsidiary, Edenville International (Tanzania) Limited.\n \nThe territory of the new licences is located to the northwest of the northern shore of Lake Nyasa and about 1,000km west-south-west of Dar es Salaam. The regional administrative centre is situated at Mbeya, approximately 70km to the north of the licences. Both the Tanzam Highway and the Tazara Railway, which link Dar es Salaam to Zambia, pass through Mbeya.\n \nEarlier proposed acquisition\n \nEdenville has not been able to reach a satisfactory conclusion to the proposed acquisition referred to in the press release dated 24th March 2011 after making a site visit and conducting due diligence on the project and company. \n \nFuture Plans\n \nThe Company believes it is in the best interests of the shareholders to focus on new opportunities which we are continuing to review, to advance our Rukwa Coalfield Project and explore the newly acquired licences announced today.\n \nSimon Rollason, Chairman of Edenville, commented that \"These new li...