The investors include Asdew Acquisitions, Ascend Open Master Fund, Icham Master Fund, Han Seng Juan, one of the two controlling shareholder of Centurion Corp.
Geo Energy Resources has raised gross proceeds of $18.4 million by placing out new shares to a group of investors.
Based on today's closing price of 61.5 cents, which lifts the company's market cap above $1 billion, these investors are already in the money as they subscribed for the new shares at 52.5 cents.
