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Tlou Energy Ltd completes placement and institutional entitlement offer


Thursday, 28 Nov 2013 05:06pm EST 

Tlou Energy Ltd:Says completion of an institutional placement and the accelerated institutional component of its one for four non-renounceable entitlement offer of fully paid ordinary Tlou shares at an issue price of $0.30 per new share.Says the completion of the placement and institutional component of the entitlement offer represent the first two stages of Tlou's A$13.4 mln equity raising, announced on Nov. 29.Says the placement raised gross proceeds of approximately A$5.7 mln via the issue of 19 million new shares and the institutional entitlement offer raised gross proceeds of approximately A$2.9 mln via the issue of approximately 9.6 million new shares. 

Company Quote

0.27
-0.015 -5.26%
29 Sep 2014