Gaelic Resources News Today

Reabold Resources has announced that, further to the meeting of shareholders in Daybreak Oil and Gas, which approved the Transaction, all conditions precedent have now been satisfied for the completion of the previously announced Equity Exchange Agreement. Reabold now owns 42 per cent of Daybreaks share capital.

AIM-listed Reabold Resources has announced that at a Special Shareholder Meeting for Daybreak Oil and Gas Inc., Daybreak shareholders voted to approve the Equity Exchange Agreement, as initially announced by the Company on 21 October 2021.

Reabold Resources has provided an update on the planned Equity Exchange Agreement with Daybreak Oil and Gas. The equity exchange agreement is subject to Daybreaks raising of a minimum of $2.5 million via an equity raise.

AIM-listed Reabold Resources has announced that the longstop date of the equity exchange agreement with Daybreak Oil and Gas, a US OTC traded oil and gas operator with assets in California, has been extended by mutual consent.

Investegate announcements from Reabold Resources, Update on Equity Exchange with Daybreak Oil & Gas

Reabold Resources has signed a conditional equity exchange agreement with Daybreak Oil and Gas Inc., a US OTC traded oil and gas operator with assets in California. The Transaction will result in Reabold becoming a major shareholder of Daybreak in exchange for Daybreak acquiring Reabold California.