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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
Let’s fight GBV as a collective

Botswana for the longest time was known for her virulent peace with family being an enviable institution.As the media, we are also scared to be incessantly reporting on these bloody scenes where women are brutally murdered and worse, sometimes in front of their children and loved ones. Yes, we have reported cases where men were also brutally murdered by their loved ones, but such cases are a drop in the ocean.For the past two weeks, Botswana was...

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