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.
For further insights into GB:RBD stock, check out TipRanks’ Stock Analysis page.
