Change in significant shareholding

RNS Number : 9659Y

Tlou Energy Ltd

23 May 2016

 

23 May 2016

Tlou Energy Limited

("Tlou" or "the Company")

Change of Holdings in the Company

Tlou wishes to advise that Talon Metals Corp ("Talon"), has today lodged a notice with ASX that it has ceased to be a substantial shareholder of Tlou.  On 19 May 2016 Talon sold its entire holding of 14,285,714 ordinary shares of no par value ("Ordinary Shares") in Tlou representing approximately 7% of the total Ordinary Shares in issue.  Talon initially notified the Company of this sale of shares on 20 May 2016.

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel Project in the USA and its shareholding in Tlou was a non-core investment for the Talon group.

Talon's Ordinary Shares were sold to a number of new and existing investors in the United Kingdom.

Enquiries:

Tlou Energy Limited Gabaake Gabaake, Acting Managing Director Solomon Rowland, Company Secretary Colm Cloonan, Finance Director www.tlouenergy.com	[phone] [e-mail] [e-mail] [e-mail]
Grant Thornton UK LLP  (Nominated Adviser)                                     Colin Aaronson, Jen Clarke, Harrison Clarke	[phone]
Brandon Hill Capital (Financial Adviser and Joint broker) Jonathan Evans, Alex Walker	[phone]
Optiva Securities Limited (Joint broker) Jeremy King, Christian Dennis	44 (0)20 3137 1904

 

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