StockMarketWire.com - Reabold Resources said it had significantly progressed discussions with certain existing shareholders to progress its proposed equity swap, though 'certain legal and administrative issues' had caused a delay.

'Accordingly, the company will not be issuing any new ordinary shares in connection with the proposed equity swap on 29 October 2019,' Reabold said.

'Subject to shareholder approval, the company will be issuing and allotting the placing shares as planned.'

'Notwithstanding the significant progress made to date, there can be no assurance that the proposed equity swap will be completed.'




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