Reabold Resources plc has conditionally raised gross £1.51 million through the placing of 1.51 billion new ordinary shares, each at the issue price of 0.1 pence.
TVRs
The sum raised, added to the March £1.9m strategic investment, takes the total to £3.41m.
The fundraise is subject to shareholders’ approval at a general meeting on 24 April 2026.
Following admission, the company’s total issued share capital will comprise 13,604,413,490 ordinary shares, with voting rights.
Reabold holds onshore gas interests in the West Newton joint venture, UK; the Colle Santo field, Italy; Parta, Romania; and California, USA.