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Union Jack Oil jumps 25% after Reabold Resources signals potential all-share takeover

Union Jack Oil said it has received a non-binding indicative letter from Reabold Resources about a possible all-share takeover, and the two sides have opened due diligence. Union Jack shares rose 25% on the session. Elsewhere, Tullow Oil fell 9.7% as oil prices slid after a US-Iran peace agreement eased concerns over supply disruptions. Hamak Strategy gained 10% after reporting high-grade gold intercepts at its Akoko project in Ghana.
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