Reabold Resources Investing Policy Implemented, Trading Restored
LONDON--Reabold Resources PLC (RBD.LN) said Wednesday it has now taken investments in Rio Tinto PLC (RIO.LN), BHP Billiton PLC, (BLT.LN) and BP PLC (BP.LN), and its shares have been restored to trading on London's junior AIM market.
Reabold has bought 7,000 shares in Rio Tinto for a total of 217,315 pounds ($369,512), 10,000 shares in BHP Billiton for GBP193,225 and 38,000 shares in BP for GBP199,769.
Accordingly the Company has implemented its investing policy, and restoration in trading in its ordinary shares on AIM has taken effect from 0630 GMT, Reabold said.
Shares at 0800 GMT down 1 pence, or 25%, at 2 pence valuing the company at GBP4 million.
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(END) Dow Jones Newswires
June 25, 2014 04:17 ET (08:17 GMT)