Reabold Resources Plc (AIM:RBD) offer to acquire additional 13.12% stake in Corallian Energy Limited from its existing shareholder for £3.4 million on April 27, 2021. Reabold will up to 13.12% of Corallian Energy shares at a ratio of 474 Reabold shares per Corallian share. Reabold would issue a maximum of 468 million Reabold shares assuming a full take up by Corallian shareholders as part of this Offer. The Offer is conditional upon the satisfaction of certain conditions including, but not limited to, receipt of any necessary regulatory approvals and the passing of a resolution by the shareholders of Corallian. If the conditions are not satisfied by May 28, 2021 (or such later date and time as agreed between Reabold and Corallian) ("Longstop Date"), the Offer shall automatically lapse. There is no minimum acceptance condition under the Offer and therefore Reabold may end up acquiring less than an additional 13.12% of Corallian under the Offer if there is not a full take up of the Offer. The Offer will remain open for acceptances by Corallian shareholders until May 6, 2021 (or such later time(s) and/or date(s) as Reabold and Corallian may agree to in writing but not later than the Longstop Date). Upon completion, Reabold will have maximum shareholding of 49.99% in Corallian. James Spinney, Rory Murphy and James Dance of Strand Hanson Limited acted as financial advisor for Reabold Resources. Reabold Resources Plc (AIM:RBD) completed the acquisition of additional 13.12% stake in Corallian Energy Limited from its existing shareholder on May 10, 2021.