REG - Reabold Resources - Confirmation of increased investment in Corallian
RNS Number : 2410QReabold Resources PLC24 February 202124 February 2021
Reabold Resources plc("Reabold" or the "Company")
Confirmation of increased investment in Corallian
Reabold, the investor in upstream oil and gas projects, is pleased to announce that, further to the announcement on 22 February 2021, the Company has now been confirmed as the registered holder of £1,000,000 convertible loan notes and, as such, the transaction with Corallian has now completed.
For further information, contact:
Reabold Resources plc
Sachin Oza
Stephen Williams
c/o Camarco
+44 (0) 20 3757 4980
Strand Hanson Limited - Nomad & Financial Adviser
James Spinney
Rory Murphy
James Dance
Stifel Nicolaus Europe Limited - Joint Broker
Callum Stewart
Simon Mensley
Ashton Clanfield
Panmure Gordon - Joint Broker
Hugh Rich
Nick Lovering
+44 (0) 20 7409 3494
+44 (0) 20 7710 7600
+44 (0) 207 886 2733
Camarco
James Crothers
Ollie Head
Billy Clegg
+44 (0) 20 3757 4980
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.
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