Firm Placing and Conditional Placing to raise £510,000

Conditional Issue of Director Salary Shares

Notice of General Meeting

Appointment of Joint Broker

Edenville 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').

The 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').

The 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.

A Circular setting out full details of the Conditional Placing (the 'Circular') will today be posted to Shareholders. The Circular contains a notice of General Meeting ('GM') of the Company to be held at the offices of Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, SE1 2AU at 11.00 am on 17 May 2019. The purpose of the GM is to grant the Board the authority to allot Ordinary Shares in order to proceed with the Conditional Placing and to issue and allot a total of 213,980,200 Ordinary Shares in lieu of unpaid salaries to certain Directors (the 'Director Salary Shares').

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Edenville Energy plc published this content on 29 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2019 09:02:13 UTC