Business
Notice of General Meeting
Notice of General Meeting.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 9794B Edenville Energy PLC 05 February 2020 \n\n5 February 2020 \nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\")\n \nNotice of General Meeting\nEdenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, announces that further to the announcement of 23 January 2020, a circular (the \"Circular\") convening a General Meeting is being published today and will shortly be available on the Company's website at https://edenville-energy.com/aim-rule-26/. \nThe General Meeting will be held at the offices of Brandon Hill Capital Limited at 1 Tudor St, London EC4Y 0AH at 11.00 a.m. on 21 February 2020. Further details regarding the General Meeting are set out below.\n \nCapitalised terms used, but not otherwise defined in this announcement, bear the meanings ascribed to them in the Circular.\n \nIntroduction\n \nI am writing to you with details of our General Meeting which will be held at the offices of Brandon Hill Capital Limited at 1 Tudor St, London EC4Y 0AH on 21 February 2020 at 11.00 a.m.\n \nThe Company announced on 23 January 2020 that it raised £700,000 (before expenses) by way of a placing of 1,750,000,000 new ordinary shares of 0.02p each in the Company at a placing price of 0.04p per Ordinary Share with existing shareholders through Brandon Hill Capital Limited (the \"Placing\"). In addition, subscribers in the Placing will, subject to the passing of the Resolutions, be issued with one warrant for every two Placing Shares subscribed for under the Placing (the \"Warrants\"). The Warrants will have an exercise price of 0.06p per Ordinary Share and must be exercised prior to 23 January 2022 otherwise they will lapse.\n \nThe Company is now calling a General Meeting in order to seek authorities to grant the Warrants, as well as further Ordinary Shares in the future, if required and additional relevant securities in connection with the Funding Agreement with Lind (although it is the intention of the Company to pay back Lind in cash). If the Resolutions are passed, the Warrants are expected to be granted immediately after the General Meeting.\n \nBackground to and reasons for the General Meeting\n \nDuring 2019, Edenville funded and undertook several operational initiatives at its Rukwa coa...