Geo Energy Resources Limited on Apr, 15 2026 announced the completion of its private placement of 35,000,000 new ordinary shares at 0.525 Singapore dollars each, generating gross proceeds of roughly 18.38 million Singapore dollars.

The majority of the shares were taken up by institutional investors, including Asdew Acquisitions Pte Ltd, Ascend Open Master Fund VCC-ICH S F, Icham Master Fund VCC – Ploutus Fund III and individual investor Han Seng Juan.

Following the issuance, Geo Energy Resources’ outstanding share count increased from 1,745,041,126 to 1,780,041,126. The new shares will begin trading on the Mainboard of Singapore Exchange on Apr, 17 2026 at 9:00 a.m. and will rank pari passu with existing shares, except for entitlements declared before completion.

The company said the funds will strengthen its working capital, support the ramp-up of PT Triaryani operations, and provide flexibility for further expansion. Geo Energy Resources’ market capitalisation exceeded 1 billion Singapore dollars based on its closing price of 0.615 Singapore dollars per share on Apr, 15 2026.