REG - Mosman Oil & Gas Ltd - £1.67 Million Placing to Advance US Helium Assets

Mosman Oil and GasAnnouncement

17/10/2025 09:00

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RNS Number : 8422D  Mosman Oil and Gas Limited  17 October 2025

17 October 2025

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

 

£1.67 Million Placing to Advance US Helium Assets Towards Drill-Ready Status

Mosman Oil and Gas Limited (AIM: MSMN), the helium, hydrogen and hydrocarbon
company, confirms it has today raised £1,667,500 (before expenses) by way of
a placing of 7,411,111,110 new ordinary shares (the "Placing Shares") at a
price of 0.0225p per share (the "Placing Price") (the "Placing").

The Placing was conducted by SP Angel Corporate Finance LLP and CMC Markets UK
Plc, acting as Joint Brokers to the Company.

In addition to the Placing, as the Company greatly values the support of its
retail shareholders, Mosman also intends to offer its existing eligible retail
shareholders the opportunity to participate in a retail offer of new ordinary
shares at the Placing Price for up to £500,000 (the "Retail Offer").

The Company will release a separate announcement regarding the Retail Offer
and its terms shortly. For the avoidance of doubt, the Placing is separate
from and does not form part of the Retail Offer.

Progressing Helium Projects

Mosman continues to advance its portfolio of helium projects in the United
States, with Sagebrush and Coyote Wash in Colorado representing the Company's
key near-term development priorities.

Funds raised from the Placing, together with the current cash balance of
approximately £1.2 million, will be used to continue progressing exploration
activity towards establishing the Sagebrush and Coyote Wash projects as
drill-ready. The net proceeds of the Placing will be used for:

·      Progressing the Independent Prospective Resource Validation at
Coyote Wash (Q4 2025)

·      Activities at Sagebrush, including 3D seismic acquisition and
interpretation in Q4 2025, extended well testing through Q4 2025 to Q1 2026,
well planning and long lead items, and surface facility design

·      Field operations and administration

·      General corporate purposes

Carl Dumbrell, Chairman of Mosman Oil and Gas, commented: "This successful Placing provides the capital needed to drive the next phase of development across our world-class helium assets in Colorado. The coming quarters will be an exceptionally active period for Mosman as we complete 3D seismic at Sagebrush, progress the Coyote Wash resource validation and prepare for and conduct  extended well testing. We thank our investors for their continued support and look forward to delivering material progress and value creation through Q4 and into 2026."
Admission to AIM and Total Voting Rights

The Placing is conditional, inter alia, upon the Placing Shares being admitted
to trading on AIM. Application has been made to the London Stock Exchange for
the Placing Shares, which will rank pari passu with the Company's existing
issued ordinary shares, to be admitted to trading on AIM and dealings are
expected to commence at 8:00 a.m. on or about 23 October 2025.

Following the issue of the Placing Shares, the Company's total voting rights
will comprise 30,392,632,772 Ordinary Shares of no par value, and the Company
does not hold any shares in treasury. The above figure may therefore be used
by shareholders as the denominator for the calculations by which they will
determine whether they are required to notify their interest in, or a change
to their interest in, the share capital of the Company under the Companies'
Articles.

Correction to AGM Voting Date

Further to the Company's recent Notice of Annual General Meeting ("AGM"),
Mosman wishes to correct the voting deadline and time for receipt of Forms of
Instruction in respect of the AGM, which will be held in Sydney on 10 October
2025.

The second paragraph of the AGM Notice should now read as follows:

"Completed Forms of Instruction must be lodged with the Depositary at The
Pavilions, Bridgewater Road, Bristol BS99 6ZY, no later than 2:00 p.m. (London
time) on 5 November 2025, being 1:00 a.m. AEDT (Sydney time) on 6 November
2025, or submitted electronically through the CREST voting system in
accordance with the instructions set out on the Form of Instruction.

All other shareholders who hold shares directly in the Company's register and
not through CREST should either attend the Meeting in person or ensure that
their completed Proxy Forms are received by the Company no later than 2:00
p.m. (London time) on 5 November 2025, being 1:00 a.m. AEDT (Sydney time) on 6
November 2025."

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon publication via Regulatory
Information Service ('RIS'), this information is now in the public domain

Enquiries:

 Mosman Oil & Gas Limited      NOMAD and Joint Broker

 Carl Dumbrell                 SP Angel Corporate Finance LLP

 Chairman                      Stuart Gledhill / Richard Hail / Adam Cowl

                               +44 (0) 20 3470 0470
 Brand Communications          Joint Broker

 Alan Green                    CMC Markets UK Plc

 Tel: +44 (0) 7976 431608      Douglas Crippen

                               +44 (0) 020 3003 8632

 

Updates on the Company's activities are regularly posted on its
website: www.mosmanoilandgas.com (http://www.mosmanoilandgas.com/)

 

Notes to editors

Mosman (AIM: MSMN) is a helium, hydrogen and hydrocarbon exploration,
development, and production company with projects in the US and Australia.
Mosman's strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside, in
conjunction with progressing exploration. The Company has several projects in
the US, in addition to royalty interests in Australia.

 

Proposed Change of Name and Ticker

At the forthcoming Annual General Meeting on 10 November 2025, shareholders
will be asked to approve the proposed change of the Company's name to Quantum
Helium Limited, with a proposed new AIM ticker QHE. The change, once approved
and registered with the Australian Securities and Investments Commission
(ASIC), will reflect Mosman's strategic focus on helium exploration and
development. A further announcement will be made regarding the timetable for
the proposed change in due course.

 

 

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