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Logo from Geo Energy Group

Geo Energy Resources bags US$35m investment from Resource Invest AG

The investment company will acquire a 5.5% stake in the Indonesian coal producer.

SGX-listed Geo Energy Resources will receive a US$35m investment from private commodities investment company Resource Invest AG (ResInvest).

Through the investment, ResInvest will get a 5.5% stake in Geo Energy.

ResInvest will make the acquisition by 31 March 2026 through market purchases and/or directly from Geo Energy, with most of the investment intended to be completed within eight weeks from the announcement of the investment, subject to the terms of the equity investment.

The equity investment also includes purchasing US$10m of Geo Energy’s treasury shares in two equal tranches, expected to take place in February 2024 and February 2025, at the placement prices of $0.45 per share and $0.50 per share. 

“The equity investment also comes with 41,402,727 non-listed, transferable and free warrants in the company to be issued to ResInvest,” Geo Energy said.
 

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