Georgina Energy PLC (LSE:GEX) has completed a £1.25 million fundraise to advance its Mount Winter project and bolster working capital.
The company issued 10 million new ordinary shares at 12.5p each. Investors will also receive one warrant for every placing share, exercisable at 14p and valid for five years from admission.
Georgina Energy will separately issue 600,000 broker warrants exercisable at 12p, also expiring after five years.
The new shares are expected to be admitted to the London Stock Exchange at 8am on 2 September 2026, after which the company will have 280.9 million shares in issue.
