Tlou Energy Ltd (AIM:TLOU, ASX:TOU, BSE:TLOU)'s (|Tlou Energy Ltd (AIM:TLOU, ASX:TOU, BSE:TLOU)) finance director Colm Cloonan speaks to Proactive after it raised A$2mln through a placing with a new strategic investor at a significant premium to the market price.
The fresh investment will be used in part to support the Lesedi gas-to-power project in Botswana, where work on overhead power lines is "ongoing and going well" according to Cloonan.
He is also keen to "drill more wells and produce more gas" that will be used to power the infrastructure currently under construction.
Tlou Energy is working to provide cleaner power generation for Botswana and southern Africa through gas-fired power, solar power and hydrogen.
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