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FINWIRES

Geo Exploration Raises GBP1.2 Million via Share Placing, Retail Offer

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Geo Exploration (GEO.L) said Tuesday it raised a total of 1.2 million pounds sterling through a share placing and retail offer priced 0.0006 pound per share.

The mineral and hydrocarbon exploration company issued 204.7 million new shares under the retail offer, while the placing comprised 1.73 billion new shares. The new shares are expected to be admitted to AIM on Sept. 21.

Meanwhile, the company said the trading of existing shares resumed on Tuesday after the close of the Capital Access Window.

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