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Global Petroleum ( (GB:GEO) ) has shared an announcement.
GEO Exploration Limited has successfully raised £1,109,000 through a placement of new Ordinary Shares, with strong participation from institutional and high-net-worth investors. The funds will support ongoing operational costs, excluding the Juno Project’s maiden drill campaign. This capital raise reflects investor confidence in GEO’s strategy and highlights the company’s focus on long-term value creation, as evidenced by the significant increase in share price compared to previous fundraises.
More about Global Petroleum
GEO Exploration Limited operates in the exploration industry, focusing on resource development projects. The company is involved in the Juno Project, which is a key area of interest for its operations.
Average Trading Volume: 76,860,078
Technical Sentiment Signal: Buy
Current Market Cap: £21.25M
Find detailed analytics on GEO stock on TipRanks’ Stock Analysis page.