Business
Placing and Notice of GM
Placing and Notice of GM.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 3643X Edenville Energy PLC 29 April 2019 \n\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. Market soundings, as defined in MAR, were taken in respect of the Placing with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE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.\n \n29 April 2019\n \nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\" or the \"Group\")\nFirm Placing and Conditional Placing to raise £510,000\nConditional Issue of Director Salary Shares\nNotice of General Meeting\nAppointment of Joint Broker\nEdenville Energy Plc (AIM: EDL), the AIM quoted company developing a coal project in southwest Tanzania, today announces that it has raised a total of £100,000 (before expenses) by means of a Firm Placing of 500,000,000 new ordinary shares of 0.02 pence each in the capital of the Company (\"Ordinary Shares\") at 0.02 pence per Ordinary Share and has further conditionally raised a total of £410,000 (before expenses) by means of a Conditional Placing of 2,050,000,000 new Ordinary Shares at 0.02 pence per Ordinary Share (together the \"Placing\").\nThe net proceeds of the Placing will provide the Company with additional working capital and to specifically increase the available Run of Mine (\"ROM\") coal for processing through the opening up of the Company's northern pit area at the Rukwa Coal Project in Tanzania (the \"Project\").\nThe Placing has been undertaken by Brandon Hill Capital and Brandon Hill Capital has also been appointed as the Company's Joint Broker with immediate effect.\nA Circular setting out full details of the Conditional Placing (the \"Circular\") will today be posted to Shareholders. The...