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GEO Exploration Limited (AIM: GEO) is pleased to announce, further to its announcements of 10 September 2026, that it has raised £122,825 (before expenses) through the issue of 204,708,333 new ordinary shares in the capital of the Company (the "Retail Offer Shares") at a price of 0.06 pence per share (the "Issue Price") pursuant to its retail offer through CMC Markets UK plc, trading as CMC CapX (the "Retail Offer").
The Retail Offer was undertaken alongside the Company's placing announced on 10 September 2026, pursuant to which the Company raised £1,035,000 before expenses through the issue of 1,725,000,000 new Ordinary Shares at the same Issue Price. The Placing was strongly supported by institutional and new investors, alongside support from existing shareholders.
Together, the Placing and Retail Offer have raised aggregate gross proceeds of £1,157,825 for the Company.
The Retail Offer is conditional on the Retail Offer Shares being admitted to trading on AIM, the market operated by London Stock Exchange plc ("Admission").
Admission is expected to become effective and dealings in the Retail Offer Shares to commence at 8.00 a.m. on or around 21 September 2026.
Following completion of the Retail Offer, the Capital Access Window has now closed and normal trading in the Company's Ordinary Shares will resume at 7.30 a.m. on 15 September 2026.
Hamza Choudhry, Chief Financial Officer of GEO Exploration Limited, commented:
"We are delighted with the further support received through the Retail Offer, alongside the £1,035,000 raised through the Placing from institutional, new and existing shareholders.
We are particularly excited by the progress at Gorge, which has quickly developed into our flagship gold asset. The highly encouraging results from our recent geochemical exploration, including gold being detected in 99.6% of soil samples and a peak assay of 7.74 g/t Au, further reinforce our enthusiasm for the project and its exploration potential.
As we continue to progress our portfolio, we remain focused on a disciplined approach to capital allocation, prioritising activities that we believe offer the greatest potential to advance our projects and create value for shareholders. We look forward to continuing this progress and updating shareholders as our exploration programmes develop."
Admission and Total Voting Rights
Application will be made to AIM for admission of the Placing Shares and subject to completion of the Retail Offer, the Retail Offer 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 21 September 2026.
Following Admission, the Company's issued share capital will comprise of 7,789,153,324 Ordinary Shares, each carrying one vote per share. Accordingly, the figure of 7,789,153,324 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.
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