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Tlou Energy raises additional funds for Lesedi project

Tony Gilby PIC: MORERI SEJAKGOMO
Tony Gilby PIC: MORERI SEJAKGOMO

Tlou Energy, the Australian-Botswana focused energy extraction company, said last week it had raised additional funds from sophisticated Australian investors to fund the development of its Lesedi project.

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) .

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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