Tlou Energy Ltd. (AU:TOU) has released an update.
Tlou Energy Ltd., a Sub-Saharan African energy solutions provider, has announced the signing of a preliminary term sheet for a mezzanine debt facility worth approximately 8.5 million Australian dollars with a Botswana investment firm. This funding is intended to support the advancement of Tlou’s Lesedi power project, including generator acquisition, operational equipment, and infrastructure completion. The terms of the final agreement are still under negotiation and subject to various approvals and due diligence.
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