Key Highlights:
- £1,109,000 million raised before expenses via placing of 277,250,000 new Ordinary Shares at 0.4 pence per share
- Proceeds to fund ongoing operational costs
GEO Exploration has successfully completed a capital raise. The Company has raised £1,109,000 in aggregate before costs through the placing of 277,250,000 new Ordinary Shares.
The Fundraise saw strong participation from institutional, family offices and high-net-worth investors, which underpins their confidence in GEO's strategy and their excitement about the potential of the Juno Project. Today's Issue Price represents a 78% increase compared with the fundraise completed in January 2025 and a 515% increase over the fundraise in August 2024, underscoring the growing strength of the Company's shareholder base and long-term value creation strategy.
CMC Markets UK plc, trading as CMC CapX, acted as the Company's sole placing agent.
The net proceeds of the Fundraise will be used for ongoing operations costs, which for clarity excludes the funds already allocated for the maiden drill campaign at Juno Project per our commitments detailed in the RNS dated 14 August 2024.
Fee Shares
In addition to the Placing, the Company has issued 5,555,556 Ordinary Shares in to the Company's social media and communications consultant in settlement of fees for two quarters.
Hamza Choudhry, Chief Financial Officer of GEO Exploration Limited, commented:
'We are very pleased with the strong support from our current investors, family offices, high-net-worth and institutional investors through this modest raise. This latest raise comes during a potential transformational period with drilling at Juno now underway. The Board prioritised minimising shareholder dilution in structuring this fundraise-ensuring alignment with long-term value creation.
These are exciting times for GEO, and we thank all new and existing shareholders for their support as we look forward to taking them with us on the journey ahead.'
Source: GEO Exploration
