the monitor

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
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

Have a Story? Send Us a tip
arrow up