5th Sep 2018 13:44
LONDON (Alliance News) - Reabold Resources PLC said Wednesday that it has raised GBP4.8 million via a discounted share placing to acquire further interests in low-risk, high-impact upstream oil and gas projects.
The investment company focused on the exploration and production sector has placed 568.9 million new ordinary shares at 0.85 pence per share, representing a discount of around 3.4% to the closing mid-market price of 0.88p per ordinary share on Tuesday.
The shares were placed with both new and existing Institutional investors, including M&G Investments, a new investor into Reabold, who has invested GBP3 million.
Shares in Reabold Resources were trading 1.5% lower at 0.862p each on Wednesday afternoon.
Related Shares:
Reabold Resources