Tlou Energy raised an additional $560,000 through a second placement of entitlement offer shortfall shares.
The move brings the total funds raised from the entitlement offer to around $7.9 million before costs.
The funds will propel the development of the Lesedi Power Project towards its first power generation milestone.
The original entitlement offer initially raised approximately 1.1 million. Securing commitments worth $560,000 for 16,000,000 new shares underscores ongoing investor support.