Edenville raises £700 000

Aim-listed Edenville Energy has completed its fundraising, securing the necessary working capital to meet the current contracted production demands of up to 12 000 t of washed coal a month from its flagship Rukwa coal project, in Tanzania. Edenville has raised £700 000, before expenses, by way of the placing of 1.7-billion new ordinary shares valued at 0.02p each in the company at a placing price of 0.04p a share with existing stakeholders through Brandon Hill Capital.