Tlou Energy raises additional funds for Lesedi project

Monday, April 03, 2023 | 330 Views |

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) .

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