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Tlou Energy raises P16m for Lesedi project

Monday, November 07, 2022 | 190 Views |

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.

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