Tlou Energy, developers of the first Coalbed Methane (CBM) project in Botswana, this week announced an entitlement offer in a bid to raise P24 million for its projects.
The company’s money-making effort involves a partially underwritten offer of up to 75 million new shares at a price of P0.32 per share.
The raised funds will go towards detailed engineering and design of the proposed 66 Kilovolts (Kv) transmission line to connect Tlou’s Lesedi Project to the electricity grid.
The cash will also cover due diligence costs in relation to the provision of development funding for the Lesed...
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