REG - Mosman Oil & Gas Ltd - £500,000 Fully Subscribed Retail Offer

Mosman Oil and GasAnnouncement

22/10/2025 07:02

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RNS Number : 2952E  Mosman Oil and Gas Limited  22 October 2025

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SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

 

 

22 October 2025

£500,000 Fully Subscribed Retail Offer to Advance US Helium Projects

Mosman Oil and Gas Limited (AIM: MSMN), advancing helium, hydrogen and
hydrocarbon projects in the USA, is pleased to announce that, further to its
announcement of 17 October 2025, the Company has successfully raised £500,000
(before expenses) through a fully subscribed Retail Offer of 2,222,222,222 new
ordinary shares of no par value each ("Retail Offer Shares") at an issue price
of 0.0225p per share (the "Issue Price").

The Retail Offer, conducted via CMC CapX, provided eligible retail
shareholders with the opportunity to participate on the same terms as the
institutional placing announced on 17 October 2025.

Together with the £1.67 million placing, Mosman has now raised a total of
£2.17 million (before expenses).

Carl Dumbrell, Executive Chairman of Mosman Oil and Gas, commented: "We are
delighted with the strong response from our retail shareholders, whose
continued support and confidence in Mosman's plans has resulted in a fully
subscribed offer. Alongside the recent £1.67 million placing, this brings
total funds raised to £2.17 million, leaving Mosman well financed to advance
our world-class helium portfolio in Colorado.  We now look to a period of
significant news flow including the forthcoming 3D seismic and extended well
test programmes at Sagebrush, as well as continued development activity at
Coyote Wash. With strong cash backing and two high-quality helium assets,
Mosman is in a great position to deliver meaningful development milestones
through the coming months."

Admission to AIM and Total Voting Rights

The Retail Offer is conditional, inter alia, upon the Retail Offer Shares
being admitted to trading on AIM. Application has been made to the London
Stock Exchange for the Retail Offer Shares, which will rank pari passu with
the Company's existing issued ordinary shares, to be admitted to trading on
AIM, with dealings expected to commence at 8:00 a.m. on 27 October 2025.

Following the issue of the Retail Offer Shares, the Company's total voting
rights will comprise 32,281,788,109 ordinary shares of no par value, and the
Company does not hold any shares in treasury. The above figure may be used by
shareholders as the denominator for calculating notifiable interests in the
Company.

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

 Executive Chairman            Stuart Gledhill / Richard Hail / Adam Cowl

                               +44 (0) 20 3470 0470
 Retail Offer                  Joint Broker

 CMC CapX                      CMC Markets UK Plc

 +44 (0)20 30038632            Douglas Crippen

                               +44 (0) 020 3003 8632
 Brand Communications

 Alan Green

 Tel: +44 (0) 7976 431608

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

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

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 Important Notices

The contents of this announcement have been prepared by and issued by the
Company and is the sole responsibility of the Company. The Board of Directors
of the Company are responsible for arranging the release of this announcement
on behalf of the Company.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from Australia, Canada, Japan, the Republic of South Africa, or any
other jurisdiction where to do so might constitute a violation of the relevant
laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

CMC CapX is a software and technology platform owned and operated by CMC
Markets UK plc (trading as CMC CapX) (registered address at 133 Houndsditch,
London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and regulated in
the United Kingdom by the FCA, is acting exclusively for the Company and for
no-one else and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the Retail Offer and will
not be responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in connection
with the Retail Offer, Admission and the other arrangements referred to in
this announcement.

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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