Geo Energy Resources Advances Equity Deal with ResInvest

MT Newswires

2024/12/24

Geo Energy Resources (SGX:RE4) has brought forward its agreement with ResInvest to acquire the second tranche of 13.4 million treasury shares at SG$0.5 each and issue 20.1 million warrants at SG$1 per share in the company, according to a Monday filing on the Singapore Exchange.

The transaction, totaling $5 million, will close on Dec. 27, offering a SG$0.21 premium over Geo Energy's Dec. 23 closing price of SG$0.29.

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