SWALA Provides Update On Financing Activity

1st April, 2019

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Swala Oil & Gas (Tanzania) plc. (“Swala” or “the Company”) is pleased to advise that it is in discussions with a US-based emerging markets institutional investor for US$75 million in acquisition funding for a transaction.
In furtherance of this possible transaction, Swala is currently finalizing terms for its funding, which when completed is expected to lead to financing agreements within the next weeks.

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