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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: 2.15 GBX

AIM:TLOU
Market: AIM
Market Cap: £10.03 m
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Tlou Energy's Tony Gilby hails receipt of interim power purchase agreement

Tlou Energy Ltd's (LON:TLOU) Tony Gilby speaks to Proactive London's Andrew Scott after confirming they've received an interim power purchase agreement (PPA) for its coal bed methane fuelled gas-to-power project in Botswana. He says the interim PPA has been agreed with the Botswana Power...

on 6/4/20

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