TIDMEDL

RNS Number : 1267K

Edenville Energy PLC

05 July 2017

5 July 2017

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Tanzanian Legislative Changes

Edenville Energy plc (AIM: EDL) notes recently drafted legislation in Tanzania concerning natural resources projects. The legislation recommends changes to the legal framework governing the natural resources sector in Tanzania and Edenville will continue to monitor any changes that may affect the situation in relation to its Rukwa Coal Project (the "Project").

The Company would like to stress that Edenville has recently gone through a comprehensive and complete permitting process for the Project with both state and local government organisations, along with the local community, and has received widespread support to develop the Project to provide both energy and employment opportunities to the people of Tanzania.

The Project is moving forward rapidly in its development and employing a majority of local people and contractors. By the end of July 2017, management estimate that up to 30 personnel will be working at the site to mine coal and construct the wash plant which will beneficiate the coal.

The Company will provide further updates as appropriate over the coming weeks.

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             +44 (0) 20 7652 
  Rufus Short - CEO                       9788 
 
   Northland Capital Partners Limited 
   (Nominated Adviser) 
   Gerry Beaney                            +44 (0) 20 3861 
   David Hignell                           6625 
 
   Optiva Securities Limited 
   (Broker) 
   Jeremy King                             +44 (0) 20 3137 
   Graeme Dickson                          1902 
 IFC Advisory 
  (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring                         +44 (0) 20 3053 
  Heather Armstrong                       8671

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 05, 2017 02:00 ET (06:00 GMT)

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