Tlou Energy Ltd. (AU:TOU) has released an update.
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Tlou Energy Limited has renegotiated a key loan agreement with a related party, increasing the loan facility from A$1 million to A$5 million. This strategic move aims to support the company’s energy projects in Sub-Saharan Africa. The agreement, which involves substantial shareholder ILCB, has been deemed fair and reasonable by the company’s board.
For further insights into AU:TOU stock, check out TipRanks’ Stock Analysis page.
