Source - SMW
Reabold Resources has agreed to invest £1.5m in Corallian Energy, a private UK oil and gas appraisal and exploration company.

Corallian has a portfolio of UK oil & gas licences, including the Colter appraisal project.

The investment will give Reabold a 35.4% interest in the company, with the right to appoint a director to the board. 

At 8:26am: (LON:RBD) Reabold Resources Plc share price was +0.03p at 0.93p