Geo Energy Resources Ltd. (SG:RE4) has released an update.
Geo Energy Resources Ltd. has successfully completed the sale of a first tranche of treasury shares, totaling 14,883,333 shares at S$0.45 each, for US$5,000,000, to Resource Invest AG. This sale represents a significant premium over the closing and buyback prices of the shares. Additionally, the company issued first tranche warrants at an exercise price of S$0.55 per share, further strengthening its strategic investment base.
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