INVICTUS Energy is set to hold an extraordinary general meeting in October to seek shareholder approval for the second tranche of its US$10 million strategic investment.
The exploration and development company recently completed the initial tranche of the investment, which was made through long-term shareholder Mangwana Capital, and partially underwritten by the Mutapa Investment Fund.
The additional funding will support Invictus Energy’s ongoing exploration and development activities in the Cabora Bassa Basin.