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.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...