Issue of Equity

RNS Number : 5141U

Regency Mines PLC

22 December 2011

 



REGENCY MINES  PLC

Issue of Equity

Dated: 22 December 2011

Regency Mines plc ("Regency" or the "Company") announces that it has placed 17,647,059 new ordinary shares of 0.1p each (the "Ordinary Shares") at a price of 1.7 pence per share to raise £300,000 before expenses (the "Placing").

The net proceeds of the Placing will be applied towards exploration expenditures in Papua New Guinea and administrative and financial costs.

Following the Placing, the Company's total issued ordinary share capital will be 639,848,194 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the new Ordinary 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 30 December 2011.

For further information contact:

Andrew Bell	0207 402 4580 or 07766 474849	Regency Mines plc	Chairman
Sandra Spencer	0207 402 4580 or 07757 660 798	Regency Mines plc	Public and Investor Relations
Peter Trevelyan-Clark/ Ben Jeynes	020 7444 0800	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker

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

 

END

 

 

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