Tlou Energy, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ('CBM'), announces that formal approval has been granted for the Company to list on the Botswana Stock Exchange ('BSE') and 21,153,845 ordinary fully paid shares will be issued to investment funds managed by African Alliance Botswana Limited, a leading asset manager based in Botswana.

Highlights: Allotment of shares will be made on 12 December 2017; Trading on the BSE expected to commence on 13 December 2017; Funds raised from the issue of the new shares amounts to P33 million (approx. £2.4 million or A$4.1 million) at a subscription price of P1.56 (approx. £0.11 or A$0.20)  

Selected by SPTEC Advisory from Tlou Energy