Suspension of trading and proposed acquisition

RNS Number : 0458W

Reabold Resources PLC

20 December 2013

 



For immediate release                                                                       

20 December 2013

REABOLD RESOURCES PLC

"Reabold Resources" or the "Company"

Proposed acquisition and suspension of trading

Reabold Resources was approved as an investing company on 19 December 2012, and was required to have made an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its investing policy by 19 December 2013.  The Company can today report that it has identified a proposed acquisition which will constitute a reverse takeover;  however given the proposed acquisition has not completed,  trading in the Company's shares under AIM Rule 15 are suspended with immediate effect.   The Company would hope to be in a position to send to shareholders an admission document in the New Year.   Trading in the Company's shares will continue to be suspended up until the time of re-admission of the proposed larger entity.

A further announcement will be made in due course.

In the event that a reverse takeover is not made or the implementation of the Company's investing policy is not effected within six months of today's date,  trading in the Company's shares under AIM Rule 15 will be cancelled. 

For further information please contact:

Reabold Resources plc

Jeremy Edelman                                                [phone]

Antony Samaha

Beaumont Cornish Limited

Roland Cornish                                                  [phone]

Felicity Geidt

 

END

 

 

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