Issue Of Equity

RNS Number : 5252N

Regency Mines PLC

28 September 2012

 

REGENCY MINES PLC

Issue of Equity

Dated: 28 September 2012

Regency Mines plc announces that pursuant to a drawdown by the Company of facilities provided under the terms of the Amended Standby Equity Distribution Agreement announced on 20 June 2011 ("the Agreement"), the Company has issued 33,995,393 ordinary shares of 0.1p each ("Shares") at a price of 0.883 pence per Share to YA Global Master SPV ("YA Global") to raise £300,000 ("Issue"),

The net proceeds of the Issue will be applied towards servicing debt repayments under the loan agreement entered into with YA Global which was announced on 17 June 2011 and for working capital purposes.

Following the Placing, the Company's total issued ordinary share capital will be 785,216,877 ordinary shares. Application has been made to the London Stock Exchange for the new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 5 October 2012.

For further information contact:

Enquiries: Andrew Bell 020 7402 4580 or    07766 474849 Regency Mines plc Chairman Sandra Spencer 020 7402 4580 or 07757 660 798 Regency Mines plc Public and Investor Relations Gerry Beaney/ Daniela Amihood 020 7383 5100 Grant Thornton Corporate Finance 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.

 

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