Reabold Resources - Placing to raise £24m
RBD Thu, 10 Oct 2019, 08:00am BST
Reabold Resources is an investment company in the natural resources sector that trades on the Alternative Investment Market of the London Stock Exchange.
Industry: Oil & Gas
Contact: 0207 460 2353
The Broadgate Tower 20 Primrose Street
Sachin Oza, Co-Chief Executive of Reabold is pleased to announce a placing of 2,666,666,666 new ordinary shares at a price of 0.9 pence per placing share raising £24 million. Sachin discusses the highlights of the placing, what the funds are to be used for, and the opportunity this presents for Reabold and its shareholders.