28th Aug 2025 10:53
28 August 2025
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC
Georgina Energy plc
("Georgina Energy" or the "Company")
£1 Million Fundraise to Advance Hussar & Mt Winter Workstreams
Georgina Energy plc (LSE: GEX), is pleased to announce that it has successfully raised £1,000,000 (gross proceeds) through the issue of 20,000,000 new ordinary shares at a placing price of 5.0 pence per share (the "Placing"). The Placing was undertaken by Clear Capital.
Use of Proceeds
The net proceeds of the Placing will primarily be to advance the ongoing work programmes in relation to Hussar and Mt Winter and for general working capital purposes.
Broker Warrants
The Company will issue Clear Capital with 1,200,000 Broker Warrants exercisable at 5p and will be valid for three years from the date of Admission.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"This fundraise strengthens our balance sheet and ensures we have the resources to progress key workstreams at Hussar and Mt Winter. With significant preparatory work already underway, drilling approval for Hussar expected, and the ALRA agreement for Mt Winter advancing, we are well positioned to deliver value for our shareholders."
Admission of Placing Shares
An application has been made for 20,000,000 new ordinary shares relating to the Placing to be admitted to trading on the official list of the London Stock Exchange from 8.00 a.m. on 3 September 2025 ("Admission").
Total Voting Rights
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 123,593,987 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if 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.
END
Enquiries
Georgina Energy
Tony Hamilton | |
Mark Wallace
| |
Tavira Financial Ltd - Financial Adviser and Joint Broker
Jonathan Evans | +44 (0)20 3833 3719 |
Oliver Stansfield | |
Oak Securities - Joint Broker
Jerry Keen | +44 (0)203 973 3678 |
Henry Clarke | |
Dillon Anadkat |
Financial PR via [email protected]
Violet Wilson | +44 (0)203 757 4980 |
Letaba Rimell |
Notes to Editors
Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.
Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G. The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit. The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to completion of the Sale Agreement Georgina Energy will hold a 100% working interest.
In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter and EP513 Hussar projects for their potential accumulations.
For more information visit https://www.georginaenergy.com
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Georgina Energy