Botala Energy Ltd is a coal bed methane (CBM) exploration and development company and focused on developing production from the Serowe CBM Project located in Botswana. It is set to list on the Australian Securities Exchange (ASX).
Botala Energy Ltd has 1 project – Serowe CBM Project.
*Serowe CBM Project – It has contingent CBM resources of approximately 317 (bcf) and prospective CBM resources of approximately 8,008 (bcf).
Botala Energy Ltd was looking to raise up to $5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 24 May 2022 and closes on 14 Jun 2022. The date for quotation on ASX is 14 July 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
ASX code | BTE |
Name | Botala Energy Ltd |
Website | https://www.botalaenergy.com/ |
Share Registry | Computershare Investor Services Pty Limited |
Underwriter | Not underwritten. GTT Ventures Pty Ltd(Lead Manager) |
Opening Date for the Public Offer: | 24 May 2022 |
Closing Date for the Public Offer: | 14 Jun 2022 |
Expected date for New Shares to commence trading on ASX | 14 July 2022 2:30PM AEST |
Funds to be raised under the Public Offer (before costs) | $5,000,000 (MAX) |
Offer price per Share | $0.20 |
Shares on issue at the Prospectus Date | 79,637,247 |
Shares to be issued under the Public Offer | 25,000,000(MAX) |
Total Shares | 136,189,594 |
Escrow | 82,872,927 Shares, 22,395,957 options and 3,000,000 Performance Rights(a period of 24 months from quotation) |
650,000 Shares and 1,000,000 options(a period of 12 months from 30 November 2021 ) | |
386,667 Shares (a period of 12 months from 24 September 2021 ) | |
120,000 Shares (a period of 12 months from 16 September 2021 ) |
Source: Botala Energy Ltd prospectus, official website.