Geo Energy Resources Limited (RE4) announced on Apr, 02 2026 that it has entered into a best-endeavours agreement with KGI Securities (Singapore) to place up to 35.0 million new ordinary shares at 0.525 Singapore dollars each, raising as much as 18.38 million Singapore dollars in gross proceeds.

The new shares represent about 2.01 % of the company’s existing issued share capital and will be issued under the share issue mandate approved at the Apr, 25 2025 annual general meeting.

After estimated expenses of 0.60 million Singapore dollars, net proceeds of roughly 17.78 million Singapore dollars are earmarked entirely for working-capital purposes.

The placement, which is not underwritten, remains subject to in-principle approval from the Singapore Exchange and other customary conditions. Upon completion, the company’s enlarged share base will increase to about 1.78 billion shares.