Tlou Energy raises P16m for Lesedi project
Monday, November 07, 2022 | 190 Views |
Anthony Gilby
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.
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...