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Tlou Energy raises P16m for Lesedi project

Anthony Gilby
Anthony Gilby

Tlou Energy, the Australian-Botswana energy-focused extraction company has raised P16.9 million to be used for the development of Tlou’s Lesedi Power Project including the construction of substations to connect to the existing electricity grid in Botswana.

The money was raised by placing 57,142,857 new ordinary shares of no par value at an issue price of P0.30 per share.

According to Tlou Energy CEO Anthony Gilby, the funds have been raised from a new strategic investor, through an entity controlled by Dr Ian Campbell, a high-net-worth investor based in Sydney, Australia.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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