Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, announced that, further to the announcements made on 11 December 2018 and 14 January 2019, the company intends to transition its nominated adviser (nomad) role from Northland Capital Partners Limited (Northland) to SP Angel Corporate Finance LLP (SP Angel).
As previously announced this is as a result of the proposed merger between Northland and SP Angel whereby Northland has voluntarily agreed to relinquish its nomad status and will be removed from the register of nomads with effect from 7am on 1 February 2019.
The company confirms that it remains its intention to transition the company’s nomad role from Northland to SP Angel, subject to SP Angel completing their required due diligence and other take on processes. This process is nearing completion and included a visit to the company’s site in Tanzania this week. At present, the company anticipates a smooth and orderly transition of the nomad role prior to the 1 February 2019 deadline.Further announcements will be made in due course.
Read the article online at: https://www.worldcoal.com/coal/28012019/edenville-provides-nominated-adviser-status-update/