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£300,000 raised for medicinal cannabis growing strategy
£300,000 capital raising provides funds for Phase One of medicinal cannabis growing
· £300,000 raised from two investors
· The proceeds of the subscription will fund construction of Phase One of the growing facility in Lincolnshire, subject to the UK Home Office issuing a licence to grow medicinal cannabis for research
· Ananda’s joint venture partner, JEPCO, will manage the growing of medicinal cannabis under the same protocols it did for GW Pharmaceuticals from 2014 – 2017
· It is intended that Phase One research growing will progress to commercial growing over time and subject to Home Office approval
The Directors of Ananda are pleased to announce that the Company has raised £300,000 by way of a subscription for 120,000,000 ordinary shares of 0.2p each in the Company (“Ordinary Shares”) at a price of 0.25p per share. The Company intends to use the proceeds of the Subscription to construct Phase One of the medicinal cannabis growing research facility in Lincolnshire, subject to the Home Office issuing a licence to grow medicinal cannabis for research. These funds secure Ananda’s ability to complete this process, which has been subject to detailed costing by external consultants.
After such a long spell in the wilderness, this share is making a steady come back! COVID put the brakes on but with so many fingers in cannabis pies there is great potential here.
Let the re-rate begin!!
Good PR for Reabold in City AM
https://www.cityam.com/aim-listed-reabold-finds-largest-onshore-oil-field-in-uk-in-50-years/
For any newbies the seller is most likely Humber Oil & Gas who got bought out of West Newton with 350 million RBD shares. Once this hard up lot sell up it will fly. The true value will be when they sell the asset on. Hold for this, it's worth 10 x current mcap.
All very quiet, is anything going on at ANA?
Good sign the de-rampers are out in force today, obviously the half year results must be better than expected. Ignore their comical scaremongering the SP is about to go north big time.
This will jump very quickly, demand will increase, you can see the Govt will encourage this type of lending to see people through the hard times ahead. Once the FCA/going concern business is ironed out it's a massive recovery play.
For the more complete picture:
Tue, 2nd Jul 2019 15:37
RNS Number : 2546E
Reabold Resources PLC
02 July 2019
2 July 2019
Reabold Resources Plc
("Reabold" or "the Company")
Notice of Annual General Meeting ("AGM") and Proposed Capital Reduction
Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, announces that it has posted to shareholders a formal notice of AGM and explanatory circular ("the Circular"), together with a form of proxy. The AGM is to be held at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW at 10.30 a.m. BST on 30 July 2019. Copies of the Circular and form of proxy are available on the Company's website: www.reabold.com
Among the resolutions to be proposed at the AGM is a resolution for a proposed capital reduction, which, if approved, will enhance the Company's ability to return surplus capital, undertake share buybacks and pay dividends to Shareholders in the future. The Board considers the Capital Reduction to be in the best interests of the Company and its Shareholders as a whole and unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the Annual General Meeting. The Circular sets out full details of the proposed capital reduction. Selected information from the Circular is reproduced below.
Blackhopper, RNS about cancelling the share premium account, thus allowing dividends to be paid:
Tue, 27th Aug 2019 11:15
RNS Number : 2728K
Reabold Resources PLC
27 August 2019
27 August 2019
Reabold Resources Plc
("Reabold" or the "Company")
Capital Reduction Update
Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that, further to its announcement of 6 August 2019, the final hearing held today at the High Court of Justice approved the Company's order to cancel its share premium account. Accordingly, the amount standing to the credit of the Company's share premium account has been cancelled.
Reabold is a short term project for them, expect one more venture after WN before it is wound down. Funds from the sales of assets will then be returned to share holders big and small. Institutions are heavily invested, they will be expecting healthy returns. Persimmon....lol, you may be getting mixed up with the PI dominated AIM trash out there. Reabold have an impressive list of major shareholders.