• Entitlement Offer raised approximately $750,000
• Eligible shareholders subscribed for 249,297,154 new shares
• Additional 125,404,863 shares to be placed by the Underwriter

Metgasco Ltd (ASX:MEL) announced the results of its partially underwritten non-renounceable entitlement offer of new fully paid ordinary shares to eligible shareholders. The Entitlement Offer closed on 10 June 2025, raising approximately $498,594, with eligible shareholders subscribing for approximately 249,297,154 new shares at the issue price of $0.002 (0.2 cents) per share. An additional 125,404,863 new shares which were not subscribed for by eligible shareholders will be placed by the Underwriter, PAC Partners Securities Pty Ltd, in accordance with the terms of the Underwriting Agreement and related sub-underwriting arrangements. In total, the Entitlement Offer raised approximately $750,000. The new shares are expected to be issued on 13 June 2025, with normal trading to commence on 16 June 2025. Metgasco's Managing Director, Ken Aitken, thanked all shareholders who participated in the offer and the Underwriter and sub-underwriters for their involvement, stating that the funds raised will be used to address known impediments and opportunities for higher production in the Odin and Vali wells.