Reabold Resources Regulatory News (RBD)

THE FOLLOWING ANNOUNCEMENT REPLACES THE ANNOUNCEMENT MADE EARLIER TODAY AT 13.26 WITH RNS NUMBER 8807Z

In the previous announcement the word "million" incorrectly appeared after the figure "4,835,725" in the first paragraph and in the first highlight.

All other text remains the same.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

5 September 2018

Reabold Resources Plc

("Reabold" or "the Company")

Placing to raise £4.8million and new cornerstone investor

Total voting rights

Reabold, the oil and gas investing company, is pleased to announce the completion of a placing of a total of 568,908,823 new ordinary shares in the Company raising gross proceeds of £4,835,725 ("the Placing") at a price of 0.85p per share ("the Placing Price"). The Placing was completed with both new and existing Institutional investors, including M&G Investments, a new investor into Reabold, who have cornerstoned the placing and are investing £3million

Highlights of the Placing:

· Raised gross proceeds of £4,835,725 at a price of 0.85p per share, a premium of 70% and 42% to previous fundraises in October 2017 and March 2018 respectively

· Placing taken place at approximately 3.4 discount to the previous day closing price

· Placing undertaken with new and existing Reabold shareholders, with M&G Investments taking the largest proportion of the Placing shares

· Reabold's intended use of the capital is to continue deploying its strategy across additional high-impact projects

Miton 's holding in Reabold of 286,666,667 shares, currently representing 8.8% of the existing issued share capital, has previously, within the last 12 months, represented over 10% of the issued share capital. Accordingly they are deemed to be a "related party" under the AIM Rules. Given that Miton have subscribed under the Placing for 70,588,235 new ordinary shares ("Miton Shares"), their subscribing for the Miton Shares is a "related party transaction". The Board of Reabold, having consulted with its Nominated Adviser, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

The Company intends to acquire further interests in low-risk, high-impact upstream oil and gas projects. The Company believes such projects offer compelling economics as commodity prices are robust and project values low. The Company is in discussions involving a number of potential projects that we believe will create significant value for our shareholders.

Market Abuse Regulation

The Market Abuse Regulation ("MAR") became effective from 3 July 2016. Market Soundings, as defined in MAR, were taken in respect of the proposed Placing with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a Market Sounding are no longer in possession of inside information relating to the Company and its securities.

Stephen Williams, co-CEO, commented:

"Sachin and I are highly encouraged by the continued levels of support we have received from UK institutions and are delighted to have completed this fundraising at a strong price which is at a significant premium to our previous fundraises. The inclusion of M&G onto our share register is a fantastic result for Reabold and reflects the significant progress that the Company has made over the past year and highlights the potential for further growth in the years to come."

Sachin Oza, co-CEO, commented:

"The Reabold strategy is based on the deployment of capital into projects when their values have disconnected from their potential and from the commodity price. We are working on executing a number of new projects that fit our strategy at this opportune time, where a relatively small injection of cash can unlock potentially massive value. We look forward to updating the market in relation to new projects in due course."

Details of the Placing

The Placing Shares when issued will represent approximately 14.8 per cent. of the Company's enlarged issued share capital following completion of the Placing. The Placing Price of 0.85 pence per share represents a discount of approximately 3.4 per cent. to the closing mid-market price of 0.88 pence per ordinary share on 4 September 2018, being the latest practicable date prior to the publication of this Announcement.

Application has been made for the Placing Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to take place on or around 11 September 2018.

Total voting rights

Following completion of the Placing, the number of shares in issue will be 3,821,074,719

ENDS

Notes to Editors

Reabold Resources is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.

 As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.

Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.

Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.

For further information please contact:

c/o Camarco