Issue of Equity

RNS Number : 9433E

Regency Mines PLC

14 April 2011

 



Regency Mines PLC

('Regency' or the 'Company')

Issue of Equity

14 April 2011

Regency Mines, the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, and coal, announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 9,703,648 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 4.122161 pence per Ordinary Share, under the terms of the Standby Equity Distribution Agreement ('SEDA') between Regency and YA Global, for a gross subscription amount of £400,000 (the 'Subscription').

Following the Subscription, the Company's total issued ordinary share capital will be 600,144,403 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 April 2011.

For further information contact:

Andrew Bell                    0207 402 4580 or               Regency Mines plc                    Chairman

                                       07766 474849

Sandra Spencer               0207 402 4580 or            Regency Mines plc                    Public and     

                                       07757 660 798                                                       Investor Relations

Peter Trevelyan-Clark/     020 7444 0800       Religare Capital Markets       Nominated Adviser

Ben Jeynes

Nick Emerson                  01483 413500          Simple Investments Ltd                          Broker

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

 

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