RE: Target £10 near term23 Oct 2025 20:00
Mast Energy Developments PLC ("MED" or "the Company"), the UK-based multi-asset owner, developer, and operator in the rapidly growing Flexible Generation Power market, is pleased to announce that further to its RNS announcements of 23 May 2025 and most recently 9 July 2025 respectively, all conditions in respect of the Equity Fundraise have been satisfied and the Equity Fundraise has successfully completed subject to admission and settlement.
Capitalised terms used in this announcement have the same meaning as those given to them in the 23 May 2025 announcement unless otherwise defined.
Pieter Krügel, MED CEO, commented: "We are electrified by the transaction completed today, which has the potential to bring in up to £15 million in gross proceeds. This funding will not only see the Company's balance sheet essentially debt free, but also provide it with a war chest to secure further flexgen sites, both within our existing projects and others we may look to develop or acquire. The UK energy market is buoyant and there are significant opportunities which MED will look to capitalise on. Our new funding at PLC level will complement our project level funding partnerships with both RiverFort and Powertree. We are focussed to grow our portfolio of MWs in production to 300+ MWs at some pace, and look forward to announcing further details in this regard over the coming weeks."
I DONT THINK MAST WILL RUN OUT OF CASH ANYTIME SOON WITH THIS RECENT FUND RAISE EVEN IF IT ONLY HAD £148K LEFT IN THE COFFERS IN JUNE as SAV'' been banging on about since he started bash posting on here OCT the 10th
so if the above and the money we will now have in the coffers is true officially, FK revenue that is coming in from operation to add to it WE ARE PRICE TO GO BUST ATM ETTO'' and I'm 100% sure this down trend will be reverse shortly..
regards...