Windlab Limited (“WND” or “the Company”) today announced an agreement for the investment of US$10,000,000 by Eurus Energy Holdings Corporation (Eurus) into Windlab Africa Pty Ltd. Windlab Africa Pty Ltd (WA) is a South African registered subsidiary of the Company and holds the Company’s existing project development assets as well as the right to future projects in Ethiopia, Kenya, Tanzania, Zambia, Uganda, Rwanda, Burundi and Malawi. The investment is subject to customary conditions precedent, including the completion of corporate structuring and statutory filings and approvals. Upon completion Eurus will own 25% of WA.
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