Business
Notice of GM
Notice of GM.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4854R Reabold Resources PLC 22 September 2017 \n\n \n\n\n\n\nFor immediate release\n\n\n22 September 2017\n\n\n\n\n \n\n\n \n\n\n\n\nReabold Resources plc (\"Reabold\" or the \"Company\")\nNotice of General Meeting\nFurther to the announcement of 20 September 2017, Reabold, the AIM listed investment company operating in the natural resources sector, is pleased to announce that it is today posting a notice of general meeting (\"the Notice\") to shareholders, and the Notice is available on the Company website www.reabold.com.\nThe general meeting (the \"Meeting\") will take place at the offices of Hill Dickinson LLP at 105 Jermyn Street, London SW1Y 6EE at 10.30 a.m. on 12 October 2017.\nBackground\nAs announced by the Company on 20 September 2017, the Company has raised £3,960,000 in aggregate (before expenses) by way of a placing (the \"Placing\") of 792,000,000 new ordinary shares of £0.001 each at a placing price of £0.005 per share. In settlement of broker fees for work on the Placing, the Company will also be issuing 2,000,000 new ordinary shares to Turner Pope on the same terms as the Placing (the \"Broker Shares\").\nSettlement for the Placing Shares, the Broker Shares and Admission is expected to take place on or before 8.00 a.m. on 25 September 2017. The Placing is conditional upon, among other things, Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms.\nThe Placing Shares will represent approximately 66.6% of the Company's enlarged issued share capital. Following completion of the Placing and the issue of the Broker Shares, the number of shares in issue will be 1,188,415,896 (the \"Enlarged Issued Share Capital\").\nThe funds raised from the Placing will allow the Company to pursue further investment opportunities in accordance with its investing policy.\nThe Placing and the issue of the Broker Shares will utilise nearly all of the Directors' current authorities to issue new ordinary shares free of pre-emption rights and accordingly they are seeking shareholders' authority to issue up to a further 1,000,000,000 shares in order to facilitate a further placing as well as providing additional headroom for the future issue of further new ordinary shares. If such authority were to be granted, the 1,000,000,000 share...