Edenville Energy PLC Directorate Change (0536O)
02 November 2016 - 6:00PM
UK Regulatory
TIDMEDL
RNS Number : 0536O
Edenville Energy PLC
02 November 2016
2 November 2016
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Directorate change
Edenville Energy plc (AIM:EDL), the Company developing an
integrated coal to power project in western Tanzania, announces the
resignation of Mark Pryor, Chief Operations Officer of the
Company.
With the recent banning of import coal, the Rukwa Project is
moving its focus from exploration and licence acquisition to
resource exploitation. This is being carried out in parallel with
feasibility studies and development of the proposed coal to power
project. As such, the Company is increasingly taking on an
operational and engineering focus and will therefore need the
services of an experienced open pit mining engineer.
Mark has tendered his resignation in the knowledge that his
primary skills are on the geology side of the business rather than
engineering. He recognises that the Company needs to find a person
with the appropriate skills and experience to assume the changing
role of Chief Operations Officer. Mark has stepped down from the
Board of the Company with immediate effect, but will remain with
the Company for as long as is required to ensure an orderly
transfer of responsibilities to an incoming COO, and other
Edenville staff, over the next few months.
In the meantime, the Company's CEO, Rufus Short, will assume the
formal responsibilities of COO whilst candidates for a new
permanent COO or similar position are considered.
Jeff Malaihollo, Chairman of Edenville commented: "On behalf of
the Company and the Board, I would sincerely like to thank Mark for
his important contribution to the advancement of the Company and
its assets in Tanzania during his time with Edenville. Mark has
been with the Company since late 2009 when the Rukwa deposit was
largely unexplored. Prior to becoming COO, Mark held several roles
in the Company including Managing Director and Non-Executive
Director. He was instrumental in the development of the resource
from a largely unexplored group of deposits to the 173 million
tonnes of JORC compliant resources that currently exists. He has
also provided critical guidance and training to our team of
geologists in Tanzania."
"Mark leaves the Company as it enters an exciting time moving
its mining operation towards commercial operations in parallel with
progression of the coal to power project alongside the Tanzanian
authorities. The Company will continue to ensure it has the key
personnel and consultants in place to work towards the successful
development of its assets in Tanzania."
"We wish Mark the best in his future where he is concentrating
on his chosen profession of geology."
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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