Geo Energy Resources Limited on Mar, 05 2026 said it has signed a placement agreement with KGI Securities (Singapore) Pte. Ltd. to place up to 35.0 million new ordinary shares at 0.425 Singapore dollars each, aiming to raise about 14.9 million Singapore dollars in gross proceeds.

The placement shares represent roughly 2.05 % of the miner’s existing issued share capital of 1.71 billion shares and about 2.01 % of the enlarged share base of 1.74 billion shares. The transaction is on a best-endeavours basis and is not underwritten.

Net proceeds, estimated at 14.3 million Singapore dollars after 0.6 million Singapore dollars of fees and expenses, will be used entirely for working-capital purposes. The issue will be carried out under the company’s April 25 2025 share-issue mandate, which permits up to 282.8 million shares to be issued on a non-pro rata basis.

Completion is subject to conditions including in-principle approval from Singapore Exchange for the listing and quotation of the placement shares. Geo Energy said the offer will rely on private-placement exemptions under Singapore’s Securities and Futures Act, and no prospectus will be lodged.

The company cautioned investors that the placement remains conditional and advised them to exercise care when trading its securities.