REG - Geo Exploration Ltd - Repayment of Interest Free Loan to CEO

GEO ExplorationAnnouncement

18/09/2025 15:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250918:nRSR9347Za&default-theme=true

RNS Number : 9347Z  Geo Exploration Limited  18 September 2025

 18 September 2025

 GEO Exploration Limited

 ("GEO " or the "Company")
 Repayment of Interest-Free Loan to CEO and Strengthened Balance Sheet

 Geo Exploration Limited (AIM: GEO) is pleased to announce that it has fully
 repaid in cash the interest-free loan of US$270,000 previously provided by its
 Chief Executive Officer, Mr Omar Ahmad.

 With expiry date 30 September 2025 and despite Mr Ahmad having indicated his
 willingness to extend the loan if the Board so wished, the Board, as part of
 its broader strategy, decided to repay the loan ahead of its due date. This
 repayment strengthens the Company's balance sheet and leaves GEO debt free as
 it enters an important phase with drilling underway at its flagship Juno
 Project.

 The loan was originally provided in July 2024, during a critical period for
 the Company, to provide stability and enable GEO to progress its operational
 plans. The Board expresses its gratitude to Mr Ahmad for his support at that
 time and for his continued leadership as the Company undertakes its maiden
 drill programme at Juno.

 Hamza Choudhry, Chief Financial Officer of Geo Exploration Limited, commented:

 "The Company sincerely appreciates the support provided by Mr Ahmad during a
 pivotal time in July 2024, which enabled GEO to move forward with stability.
 Since his appointment, the Company has experienced a significant uplift in
 sentiment and valuation, driven by his shareholder-focused approach and
 commitment to putting the Company first. We are equally appreciative of his
 ongoing leadership as he guides GEO through this important phase, with maiden
 drilling at the Juno Project progressing to plan."

 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

 Follow us on social media

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDKZGMLFRFGKZM