Tlou Energy Ltd - Brisbane, Australia-based power project developer with large gas field in Botswana - Raises A$200,000, around £110,000, via a placing of 5.7 million new shares at an issue price of A$0.035 each. The funds have been raised from Australian-based ‘sophisticated investors’ and will go towards development of Tlou’s Lesedi project in Botswana. Says issue price represents approximately a 5.4% discount to the closing Australian Securites Exchange share price on March 24 of A$0.037.

Current stock price: 2.20 pence in London

12-month change: up 4.8%

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