Exclusivity Agreement with Zenith Energy
Reabold Resources plc has entered into an exclusivity agreement with Zenith Energy plc, granting Zenith the exclusive right to evaluate the potential acquisition of Reabold's shares in Daybreak Oil and Gas, where Reabold holds approximately 42% of the ordinary shares. This development signifies a potential divestment for Reabold, impacting its stake in Daybreak Oil and Gas and potentially its overall asset portfolio.
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Reabold, the investing company focused on developing strategic gas projects for European energy security, notes the announcement made by Zenith Energy plc ("Zenith") today and confirms that it has entered into an exclusivity agreement (the "Agreement") granting Zenith exclusivity to evaluate the potential acquisition of Reabold's shares in Daybreak Oil and Gas, in which Reabold holds approximately 42% of the ordinary shares outstanding.
Zenith's announcement can be found at:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.