Georgina Energy (GEX) has completed a £1 million fundraise through the placing of 20 million new ordinary shares at 5 pence per share, providing additional capital to advance its exploration activities and strengthen working capital.
The placing proceeds will be used to support the company's current work programmes as it progresses its helium and hydrogen exploration portfolio in Australia. In addition, the funds will provide general working capital as Georgina continues preparations for upcoming operational milestones.
As part of the fundraising, the company will issue 1.2 million broker warrants exercisable at 5 pence per share. The warrants will expire five years from the date of admission.
Georgina has applied for the new shares to be admitted to trading on the Main Market of the London Stock Exchange. Admission is expected to become effective at 8.00 a.m. on 5 June 2026.
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The successful completion of the fundraising provides Georgina with additional financial flexibility ahead of key exploration activities. While relatively modest in size, the £1 million raise ensures the company can continue advancing its work programmes and maintain momentum as it moves towards planned drilling and appraisal activities across its helium and hydrogen assets.