2018 Non-Renounceable Entitlement Offer – Dispatch of Booklet and Notification under Section 708A(5)(e) of the Corporations Act 2001
Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (“CBM”) projects, has today, in accordance with the timetable,dispatched Offer Booklets for the non-renounceable entitlement offer announced on 6 June 2018. A copy of the Offer Booklet was lodged with the Australian Securities Exchange (“ASX”) and was available on the Company’s website www.tlouenergy.com on 6 June 2018.
Tlou Energy also confirms in relation to the Entitlement Offer the following details:
1. The ISIN of the Offer Entitlement is AU0000014979;
2. The ISIN of the Excess CREST Offer Entitlement is AU0000015646;
3. The participant ID of the Share Registry, in its capacity as a CREST receiving agent is 3RA05; and
4. The member account ID of the Share Registry in its capacity as a CREST receiving agent is TLUOPN01.
Eligible Shareholders are encouraged to carefully read the Offer Booklet for further details regarding the Entitlement Offer. For further information in relation to the Entitlement Offer, please contact the Tlou Energy Offer Information Line on +61 1300 910 051
Tlou has also given notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) in respect of the Placement announced on 6 June 2018 and in respect of which shares have been issued today. This notification has been lodged with the ASX today, 20 June 2018, and is available on the ASX website www.asx.com.au and on the Company’s website www.tlouenergy.com.
Tlou Energy is focused on delivering Gas-to-Power solutions in Botswana and southern Africa to alleviate some of the chronic power shortage in the region. Tlou is developing projects using coal bed methane (“CBM”) natural gas. Botswana has a significant energy shortage and generally relies on expensive imported power and diesel generation to fulfil its power requirements. As 100% owner of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling opportunity using domestic gas to produce power and displace expensive diesel and imported power.
Tlou Energy Ltd’s (LON:TLOU) Tony Gilby updates Proactive’s Andrew Scott on the re-tendering process with the government in Botswana. Recorded March 2018
The Company is listed on the Australian Securities Exchange, London’s AIM market and the Botswana Stock Exchange and is led by an experienced Board, management and advisory team including individuals with successful track records in the CBM industry.
Since establishment, the Company has significantly de-risked the project in consideration of its goal to become a significant gas-to-power producer. The Company flared its first gas in 2014, holds a Mining Licence and nine Prospecting Licences, covering an area of ~8,300 km2 in total. The Lesedi project already benefits from significant independently certified Contingent Gas Resources of ~3 trillion cubic feet (3C), and independently certified Gas Reserves of ~427 billion cubic feet (3P) and ~41 billion cubic feet (2P).
The Company is planning an initial scalable gas-to-power project. Following the successful implementation of this first scalable project, the Company plans to expand to provide further power across the southern African region.
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