Reabold Resources PLC (AIM:RBD) has agreed to extend the expiry date for its proposed further investment in LNEnergy, which has a majority stake in an Italian onshore gas asset.
The transaction proposes a starting investment of £250,000 for a 3.1% stake in LNEnergy followed by options which could result in Reabold holding 25% by investing a total of £3.8mln.
With the extension, the first option deadline is extended to 7 June.