Tlou Energy raises additional funds for Lesedi project
Monday, April 03, 2023 | 330 Views |
Tony Gilby PIC: MORERI SEJAKGOMO
When complete, the Lesedi is set to become Botswana’s first project to derive electricity from gas.
The company which is listed on both the Australian and Botswana bourses dded in a filing it had placed 5,714,284 new ordinary shares of no par value at an issue price of P0.30 per share and raised A$200,000 (P1.74 million) .
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...