Business
Capital Raise of £1,250,000
GEO Exploration Limited has successfully raised £1.25 million before expenses through the placing of 694,444,444 new Ordinary Shares at 0.18 pence per share, a 21.7% discount to the previous day's closing bid price. These funds will be allocated to exploration activities at the Gorge Project, the next phase of the Juno drilling campaign anticipated in early 2026, support for the PEL 94 (Namibia) farm-out, and general working capital. The capital raise reflects strong investor demand driven by recent progress at the Juno and Gorge Projects, and increased industry interest in Namibia. Following admission, the company's total issued share capital will be 5,596,505,122 Ordinary Shares. Disclaimer*
About this update from Geo Exploration Limited
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n16 December 2025\n \nGEO Exploration Limited\n \n(\"GEO \" or the \"Company\")\n \n\n\n\n\nCapital Raise of £1,250,000\n \n \n\n\n\n\nKey Highlights:\n \n· £1.25 million raised before expenses via the placing of 694,444,444 new Ordinary Shares at 0.18 pence per share.\n \n· Proceeds to fund exploration activities at the Gorge Project, advance the next phase of Juno drilling campaign anticipated in early 2026, support PEL 94 (Namibia) farm-out and related transaction activities, and provide general working capital.\n \n· Fundraise completed to support the maiden drilling programme at Juno and recent encouraging exploration progress at the Gorge Project.\n \n \nGEO Exploration Limited (LSE AIM: GEO) is pleased to announce that it has successfully completed a capital raise (the \"Fundraise\"), raising £1.25 million before expenses through the placing of 694,444,444 new Ordinary Shares at a price of 0.18 pence per share. Today's Issue Price represents a 21.7% discount to the closing bid price of 0.23 pence per share on 15 December 2025. \n \nThe Fundraise was met with strong demand from investors reflecting growing confidence in the Company's strategy and technical progress. Investor support follows the successful completion of GEO's maiden drilling programme at the Juno Project and recent encouraging exploration developments at the Gorge Project, which together mark important milestones as the Company advances its exploration portfolio across Australia.\n \nThe net proceeds of the Fundraise will be applied towards ongoing and planned exploration activities at the Gorge Project, funding a follow-on drilling campaign at the Juno Project anticipated in early 2026, providing sufficient working capital to support the Company's expanding operational and corporate requirements, and capitalising on opportunities at PEL 94 (Namibia), including potential farm-out and related transaction costs, particularly in light of increased industry activity in Namibia.\n \nCMC Markets UK plc, trading as CMC CapX, acted as the Company's sole placing agent.\n \n \nHamza Choudhry, Chief Financial Officer of GEO Exploration Limited, commented:\n \n\"We are very en...