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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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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