TIDMEDL

RNS Number : 9015K

Edenville Energy PLC

02 September 2019

2 September 2019

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Cash Payment to Lind

Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, announces that the second cash payment under the funding agreement (the "Funding Agreement") with Lind Partners LLC ("Lind") of US$50,637.38 was made on 30 August 2019. This follows the expiration of the repayment holiday that was described in the Company's announcement of 29 April 2019.

A balance of US$934,087.50 remains outstanding under the Funding Agreement and is repayable on a monthly basis at an amount of US$50,637.38 per month. The Company's intention is to satisfy subsequent repayments through cash rather than through the issuance of the Company's ordinary shares to Lind.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

 
 Edenville Energy Plc 
  Jeff Malaihollo - Chairman 
  Rufus Short - CEO                    +44 (0) 20 3934 6630 
 SP Angel Corporate Finance LLP 
  (Nominated Adviser and Joint 
  Broker) 
  David Hignell 
  Jamie Spotswood 
  Abigail Wayne                        +44 (0) 20 3470 0470 
 Brandon Hill Capital Ltd 
  (Joint Broker) 
  Oliver Stansfield, Jonathan Evans    +44 20 7936 5200 
 IFC Advisory Limited 
  (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong                    +44 (0) 20 3934 6630

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. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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