Reabold Resources ( (GB:RBD) ) has issued an update.
Reabold Resources has converted £500,000 of convertible loan notes into shares of LNEnergy Limited, increasing its stake to approximately 45.1% of LNE’s share capital. This move strengthens Reabold’s position in the strategic gas projects sector, particularly with LNE’s involvement in the Colle Santo gas field in Italy, which holds significant reserves and potential cash flow, enhancing Reabold’s growth prospects and stakeholder value.
More about Reabold Resources
Reabold Resources plc is an investing company with a diversified portfolio of exploration, appraisal, and development projects in the oil and gas sector. The company focuses on low-risk, near-term projects with significant valuation uplift potential and a clear monetization plan, aiming to return proceeds to shareholders and reinvest in further growth opportunities.
Average Trading Volume: 20,669,955
Technical Sentiment Signal: Sell
Current Market Cap: £4.74M
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