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Tlou Energy Limited

Tlou Energy advancing discussions with Botswana investors to expand field operations

Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU) (ASX:TLOU), caught up with Proactive London's Andrew Scott following their AU$1.2mln premium priced placing.

Gilby says it's been welcome to see the confidence shown in the company by the two existing shareholders who took part in the raise.

He adds the additional capital removes perceived near-term financial pressure from the company.

The subscribing shareholders agreed to a voluntary 12-month escrow of the new shares, meaning they can’t be sold in the first year following the placing.

Meanwhile Tony adds that they're continuing discussions with Botswana based entities to fund expanded field operations and the first stage of above ground power generation infrastructure.

Quick facts: Tlou Energy Limited

Price: £0.05

Market: AIM
Market Cap: £22.06 m
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Full interview: Further gas flow rate upgrades expected from Tlou Energy

Tlou Energy Limited (LON:TLOU) CEO Tony Gilbey is excited about the year ahead and answers investor queries via Proactive London . Speaking from Brisbane Australia, Gilbey tells Polly Middlehurst when commercial gas flow rates can be expected on their CBM projects in Botswana and what a...

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