Tlou Energy Ltd (AIM:TLOU, ASX:TOU, BSE:TLOU) has bolster its working capital with a A$200,000 funding, through a placing of new shares to Australian based sophisticated investors.
The company, in a statement, said it would support the development of the Lesedi project in Botswana.
Shares were priced at a 5.4% discount to the closing price on 24 March (and was a 3.8% discount to the 15 day average on the ASX).