Mosman Oil and Gas (MSMN) has successfully raised £500,000 through a fully subscribed retail offer of just over two million shares at 0.0225p each.
The retail offer, conducted via CMC CapX, provided eligible retail shareholders with the opportunity to participate on the same terms as the institutional placing announced on 17 October 2025.
Together with that £1.67 million placing, Mosman has now raised a total of £2.17 million, and will use the money to progress with its Coyote Wash and Sagebrush helium projects in Colorado.
"We are delighted with the strong response from our retail shareholders, whose continued support and confidence in Mosman's plans has resulted in a fully subscribed offer,” said Carl Dumbrell, Mosman’s executive chairman.
“Alongside the recent £1.67 million placing, this brings total funds raised to £2.17 million, leaving Mosman well financed to advance our world-class helium portfolio in Colorado. We now look to a period of significant news flow including the forthcoming 3D seismic and extended well test programmes at Sagebrush, as well as continued development activity at Coyote Wash. With strong cash backing and two high-quality helium assets, Mosman is in a great position to deliver meaningful development milestones through the coming months."
View from Vox
Good to see Mosman cashed up to conduct exploration and development activities in the near-to-medium-term. There’s significant upside on offer at both Sagebrush and Coyote Wash, and the new money should go along way towards proving that up and delivering the value that’s on offer.