Issue of Equity

RNS Number : 9616X

Regency Mines PLC

14 December 2010

 



REGENCY MINES PLC

Issue of Equity

Dated: 14 December 2010

Regency Mines plc ("Regency Mines" or the "Company") announces that it has placed 5,000,000 new ordinary shares of 0.1 pence each ("Shares") in the Company to a single institutional investor at a price of 6.0 pence per Share (the "Placing"). The proceeds of the subscription are £300,000 before expenses, conditional on the Shares being admitted to trading on AIM.

Following the Placing, the Company's issued ordinary share capital will be 539,192,891 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 20 December 2010.

For further information contact:

Regency Mines PLC                Andrew Bell, Chairman                               0207 402 4580

                                                Sandra Spencer, Public and

                                                Investor Relations                                       0207 402 4580

Nominated Adviser

Religare Capital Markets          Peter Trevelyan-Clark/Ben Jeynes              020 7444 0800

Broker

Simple Investments Ltd             Nick Emerson                                            01483 413500

Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.

 

END

 

 

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