Rule 2.9 Announcement

RNS Number : 6433U

Reabold Resources PLC

30 July 2020

 

30 July 2020  

Reabold Resources plc

("Reabold" or the "Company")

Rule 2.9 Announcement

In accordance with Rule 2.9 of the City Code on Takeovers and Mergers, Reabold confirms that, following the issue of 350,000,000 new ordinary shares as announced on 29 July 2020, and admitted to trading today, it has 7,096,982,101 ordinary shares with a nominal value of 0.1p each in issue and admitted to trading on the AIM market of the London Stock Exchange with International Securities Identification Number GB00B95L0551.

ENDS

For further information please contact:

Reabold Resources plc Stephen Williams Sachin Oza	c/o Camarco [phone]
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney Rory Murphy James Dance Jack Botros	[phone]
Whitman Howard Limited (Broker) Hugh Rich Nick Lovering	[phone]
Camarco James Crothers Ollie Head Billy Clegg	[phone]

Notes to Editors

Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.

As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.

Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.

Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.

 

END

 

 

RTTWPUCPMUPUGGU