Reabold Resources (GB:RBD) has released an update.
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Reabold Resources has converted over £510,000 of loan notes into shares of LNEnergy Limited, securing a 29.2% stake in the company. This move aligns with Reabold’s strategy to invest in promising gas projects, as LNEnergy manages a significant interest in the Colle Santo gas field, which holds substantial gas reserves. The field is poised for development and could potentially generate significant cash flow, enhancing Reabold’s growth prospects.
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