The company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs.
The company will liaise with the Ministry of Minerals Resources, Green Technology and Energy Security and the PPADB to obtain further clarity on the decision, and will update the market once official confirmation has been received.
Tlou Energy has completed an equity placement to Sophisticated Investors totalling approximately AUS$1.2 million.
More CBM news
Australia’s Labor Party is set to add another layer of green bureaucracy, which will cost jobs, discourage investment and make it easier for activists to disrupt and delay projects in the minerals sector.
Top-hole drilling for both lateral and vertical sections for production pods Lesedi 3, Lesedi 4 and top-hole drilling for the optional production pod Lesedi 5 have been completed successfully.
Tlou Energy Limited has provided an update on its drilling operations at the Lesedi CBM project in Botswana.
Inlandsis Fund and Environmental Commodities Corporation have signed an agreement to expand a leading mine methane abatement project.
The Botswana Environmental Department has approved the environmental management plan for the Serowe coal seam gas project.