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£1m Fundraise to Advance Hussar & Mt Winter

28th Aug 2025 10:53

RNS Number : 0703X
Georgina Energy PLC
28 August 2025
 

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.

 

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Enquiries

 

Georgina Energy

Tony Hamilton

via [email protected]

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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