Issue of Equity

RNS Number : 0878X
Regency Mines PLC
09 February 2012
 



REGENCY MINES  PLC

 

Issue of Equity

 

Dated: 09 February 2012

 

Regency Mines plc ("Regency" or the "Company") announces that it has placed 19,100,000 ordinary shares of 0.1p each (the "Ordinary Shares") at a price of 2.1 pence per share to raise £401,100 before expenses the ("Placing").

 

The net proceeds of the Placing will be applied towards exploration expenditures in Papua New Guinea and Australia, as well as for general working capital requirements.

 

Following the Placing, the Company's total issued ordinary share capital will be 658,948,194 ordinary shares of 0.1p. The Placing is conditional on, inter alia, admission of the new ordinary shares to trading on AIM.  Application will be 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 24 February 2012.

 

 

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





Philip Davies/David Porter

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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