Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Aussie-listed Tlou Energy (TOU) is coming to AIM with a fund raising of up to £1.5 million at a premium price of 6.5p or 14 Australian cents to help develop its Lesedi coalbed methane-to-power project in the mineral-rich but electricity-hungry southern African state of Botswana. The Brisbane-based company, whose shares have fallen from a 32 cents 12-month high Down Under to 11 cents now, has chosen accountancy group Grant Thornton as AIM nominated adviser and Brandon Hill as broker, says funding is already committed to the tune of £1.2 million and suggests the AIM launch proceeds will secure its programme for the coming 18 months to two years.
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