Issue of Equity

RNS Number : 7530A

Regency Mines PLC

07 February 2011

 



Regency Mines PLC

('Regency', 'Regency Mines' or the 'Company')

Issue of Equity

7 February 2011

Regency Mines, the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, announces that YA Global Master SPV Limited ('YA Global'), which is advised by Yorkville Advisors LLC, has today subscribed for 7,774,538 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement between Regency and YA Global announced on 10 September 2009, at a price of 4.88775 pence per Ordinary Share. The proceeds of the subscription are £380,000 before expenses, conditional on the Ordinary Shares being admitted to trading on AIM.

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. It is expected that admission will become effective and that trading will commence on 10 February 2011.

Following the issue of the new Ordinary Shares the Company's issued ordinary share capital, as enlarged by the new Ordinary Shares, will be 584,004,689 Ordinary Shares.

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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