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Tlou Energy Boosts Funds for Lesedi Project

Tlou Energy Boosts Funds for Lesedi Project

Tlou Energy Ltd. (GB:TLOU) has released an update.

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Tlou Energy Ltd has successfully raised an additional A$560,000 through the placement of a shortfall from their non-renounceable entitlement offer, bringing the total raised to approximately A$7.9 million. This funding will be channeled towards advancing the Lesedi power project, with the aim of achieving first power generation. The company has confirmed no further placement of shortfall shares and anticipates the new shares to start trading on the ASX, AIM, and BSE shortly.

For further insights into GB:TLOU stock, check out TipRanks’ Stock Analysis page.

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