Daybreak Oil and Gas Acquires Reabold California LLC

May 26, 2022

Daybreak Oil and Gas, Inc. agreed to acquire Reabold California LLC in an all-stock transaction, with Gaelic Resources Limited (a wholly-owned subsidiary of Reabold Resources plc) expected to own up to 45% of Daybreak’s common stock at closing. Daybreak later completed the acquisition in May 2022 after obtaining shareholder approval and the Equity Exchange agreement was closed.

Buyers
Daybreak Oil and Gas, Inc., Gaelic Resources Limited
Targets
Reabold California LLC
Sellers
Gaelic Resources Limited
Industry
Energy
Location
United States
Transaction Type
Buyout

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