Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Announces entitlement offer for four new ordinary shares for every eleven ordinary shares held, at a price of A$0.035 each to raise A$13.3 million. Explains the offer is open to ASX and BSE shareholders only. Says certain directors are participating in the entitlement offer with commitments in place for a minimum of A$613,308. Funds raised and existing capital will go towards development of Tlou’s Lesedi power project and working capital.

Current stock price: 1.80 pence, up 9.1%

12-month change: up 8.4%

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