Georgina Energy (GEX) has drawn down £500,000 under its debt and equity facility with an institutional investor, taking total debt drawdowns to £800,000 since November 2025.
The facility, agreed on 4 November 2025, provides up to £1 million over a three-year term, with each debt drawdown carrying a 12-month term. Georgina said the latest proceeds will be used for working capital, continued portfolio development and to progress its transaction with Central Petroleum.
The first £300,000 drawdown, completed on 4 November 2025, is convertible at a reference price of 8 pence per share, with no interest applied. Georgina said the £500,000 second drawdown has been undertaken on the same terms, also convertible at 8 pence.
The investor will receive warrants equal to 40% of each drawdown divided by the reference price, with the second drawdown resulting in 2.5 million warrants. Each warrant issuance has a 48-month term and may be offset against outstanding debt if exercised.
Georgina Energy’s Chief Executive Officer Anthony Hamilton said: “We are delighted to have received the continued support from an Institutional Investor. This strategic investment not only strengthens our balance sheet but also underscores institutional confidence in our vision and asset base. The funding provides us with the flexibility to accelerate the advancement of our key projects and evaluate additional growth opportunities to deliver enhanced shareholder value.”
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The additional £500,000 extends Georgina’s runway without adding cash interest, which can be helpful while it advances its project pipeline and works through the Central Petroleum transaction. However, the conversion and warrant structure implies potential dilution down the line, so progress updates on delivery milestones will likely be key going forward.