REG - Geo Exploration Ltd - Capital Raise of £1,109,000 & Issue of Fee Shares

GEO ExplorationAnnouncement

08/09/2025 07:00

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RNS Number : 3782Y  Geo Exploration Limited  08 September 2025

 8 September 2025

 GEO Exploration Limited

 ("GEO " or the "Company")
 Capital Raise of £1,109,000 and Issue of Fee Shares

 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 Limited (LSE AIM: GEO) is pleased to announce that it has
 successfully completed a capital raise (the "Fundraise"). The Company has
 raised £1,109,000 in aggregate before costs through the placing of
 277,250,000 new Ordinary Shares (the "Placing Shares") at a price of 0.4 pence
 per share ("Issue Price").

 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."

 Admission and Total Voting Rights

 Application has been made to AIM for admission of the Placing Shares and the
 Fee Shares (together, the "New Ordinary Shares"), which will rank pari passu
 with the existing Ordinary Shares. Admission is expected to become effective,
 and dealings in the New Ordinary Shares to commence, on or around 8.00 a.m. on
 12 September 2025.

 Following Admission, the Company's issued share capital will comprise
 4,902,060,678 Ordinary Shares, each carrying one vote per share. Accordingly,
 the figure of 4,902,060,678 may be used by shareholders as the denominator for
 calculations by which they determine whether they are required to notify their
 interest in, or a change to their interest in, the Company under the FCA's
 Disclosure Guidance and Transparency Rules.

 The information contained within this announcement is deemed by the Company to
 constitute inside information under the UK Market Abuse Regulations ("MAR").
 Upon the publication of this announcement via a Regulatory Information Service
 ("RIS"), this inside information is now considered to be in the public domain.

 For further information please visit: www.geoexplorationlimited.com
 (http://www.geoexplorationlimited.com) or contact:

 GEO Exploration Limited                                                     investors@geoexpltd.com

 Hamza Choudhry, CFO and Executive Director

 SPARK Advisory Partners Limited (Nominated Adviser)                         +44 (0) 20 3368 3555

 Andrew Emmott, Jade Bayat

 CMC Markets (Joint Broker)                                                  +44 (0) 20 3003 8632

 Douglas Crippen

 SI Capital Limited (Joint Broker)                                           +44 (0) 14 8341 3500

 Nick Emerson

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 This announcement has been issued by and is the sole responsibility of the
 Company.

 

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