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Eden Energy extends closing date for rights issue

Eden Energy (ASX: EDE) has extended the closing date for its proposed non-renounceable pro-rata rights offer to Eden shareholders.

The offer, announced on 31 October 2011, consists of two shares for every seven shares held at $0.05 per share. It also includes one free attaching Eden option (each to acquire one share at an exercise price of $0.20 per share at any time up to and including 30 June 2014) for every one share issued under the offer.

The record date is now 23 November 2011 and the closing date is 8 December 2011.

Eden recently refined its existing technology to produce a concrete-strengthening product, that is even stronger with better reinforcing properties. The technical breakthrough could be a major boon for the company's aspirations.

Also, Eden's vast UK shale gas and coal bed methane portfolios are potentially company making as the Welsh shale gas resource, in which Eden holds a 50% interest, is of world class dimensions.