April 16 (Reuters) - Tlou Energy Ltd TOU.AX :
* SAYS COMPLETES EQUITY PLACEMENT TO SOPHISTICATED INVESTORS TOTALLING BWP21.8 MILLION (ABOUT AUD$2.9 MILLION OR £1.6 MILLION)
* SAYS FUNDS RAISED FROM BOTH A LONG-TERM EXISTING SHAREHOLDER AS WELL AS A NEW BOTSWANA BASED FUND MANAGER