Tlou Energy requires capital injection

This comes after the Botswana Stock Exchange-listed company successfully raised P24 million to fund and meet working capital requirements for the country’s first CBM project.

The group’s managing director, Tony Gilby said the consolidated entity is in the process of investigating various options to raise the additional funds, which may include but not limited to an issue of shares or the sale of exploration assets where increased value has been created through previous exploration activity.