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Investegate |Reabold Resources Announcements | Reabold Resources: Environmental Baseline Survey Completed at Victory
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UK: Corallian Energy completes Environmental Baseline Survey at Victory Gas Discovery
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Reabold announces update on Victory Gas Discovery | 25 June 2021
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Conditional offer to acquire up to an additional 13.12% of Corallian Energy Limited and Victory Operational Update Reabold, the investor in upstream oil and gas projects, is pleased to announce that it has conditionally offered to acquire additional Corallian Energy Limited ( Corallian ) shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share (the Offer ), potentially increasing Reabold s shareholding in Corallian to a maximum of 49.99%. Highlights: · Share offer to acquire up to 13.12% of Corallian Energy shares at a ratio of 474 Reabold shares per Corallian share · The Offer could significantly increase Reabold s position in the low-risk, high potential Victory Gas Discovery to up to 49.99%
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Emmerson (AIM:EML) has moved from the Standard List to AIM. The Company’s current market capitalisation is approximately £46m, based upon its share price at close of business on 24 March 2021 of 6 pence per Ordinary Share. Raising £5.5m on admission. Emmerson is a potash development company focused on the development of the Khemisset Potash Project located in Northern Morocco, approximately 90km from the capital city, Rabat, and the planned bulk port of Kenitra Atlantique and 175km from the port of Mohammedia. The Project has a JORC Resource Estimate (2019) of 537Mt @ 9.24% K2O and exploration potential with a development pathway targeting a low capital expenditure and high margin potash mine.