Tlou Energy has raised A$678,976.62 (~£355,000, ~BWP5.85 million) pursuant to a placing of 19,399,332 new ordinary shares of no par value at an issue price of A$0.035 (~£0.0183, ~BWP0.30) per share.
The funds have been raised from Australian and UK based sophisticated investors and will go towards development of Tlou's Lesedi project in Botswana.
The issue price represents approximately a 25% premium to the closing ASX share price on 5 October 2023 of A$0.028 and a 21.4% premium to the 15-day volume weighted average price for Tlou's shares traded on the ASX of A$0.02882.
Source: Tlou Energy
