Fraser Range Project Update

RNS Number : 2046Q

Regency Mines PLC

10 October 2013

 

REGENCY MINES PLC

("Regency" or the "Company")

Ram Resources Ltd and Fraser Range Project - Update

10 October 2013

Further to the Company's announcement of 26 July 2013 in relation to the sale of an interest in the Fraser Range Project to Ram Resources Ltd (ASX:RMR)(("Ram"), Ram has announced that all  Resolutions were passed at the general meeting of Ram shareholders held on 8 October 2013.

The Resolutions passed included Resolutions to approve a placement of Ram shares for cash, the issue of Ram consideration shares to Regency, the issue of Ram shares in satisfaction of creditors and fees, the creation of a new class of performance shares pursuant to the Company's agreement with Ram, and a 30 to 1 consolidation of the issued capital of Ram.

The full text of the announcement is available at:  http://www.asx.com.au/asxpdf/20131008/pdf/42jwvpqxf55cyt.pdf

The details of the disposal by Regency to Ram of the Fraser Range Project were provided in the announcement by Regency on 1 July 2013.

Andrew Bell 020 7747 9960 or 07766 474849	Chairman Regency Mines plc
Sandra Spencer 020 7747 9960 or 07757 660 798	Investor Relations Regency Mines plc
Colin Aaronson/David Hignell 020 7383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500	Broker SI Capital Ltd
Guy Wheatley 020 7382 8416	Joint Broker Beaufort Securities Ltd
Rupert Trefgarne 020 3128 8817	Media Relations MHP Communications

 

END

 

 

MSCLIFEAIELILIV