Convertible Note, New Broker & Fraser Range Update

RNS Number : 5558N

Regency Mines PLC

09 September 2013

Regency Mines Plc

("Regency" or the "Company")

Update on Fraser Range

Issue of Convertible Note

Appointment of Broker

9 September 2013

Regency Mines, the mining exploration and mineral investment company with interests in nickel and other minerals in Australia and Papua New Guinea announces an update on its Fraser Range Project in Western Australia.

Further to the Company's announcement of 26 July 2013 in relation to the sale of an interest in the Fraser Range Project to Ram Resources Ltd (ASX:RMR)(("Ram"), Ram issued today a notice for a General Meeting to be held on 8 October 2013, with an accompanying Explanatory Statement and Proxy Form.

The purpose of the meeting is to approve a placement of Ram shares for cash, the issue of Ram consideration shares to Regency, the issue of Ram shares in satisfaction of creditors and fees, the creation of a new class of performance shares pursuant to the Company's agreement with Ram, and a 30 to 1 consolidation of the issued capital of Ram.

The full text of the announcement is available at: http://www.asx.com.au/asxpdf/20130909/pdf/42j7vgscz0lg44.pdf

Regency also announces that it has issued an unsecured convertible loan note of £250,000 ("Convertible Note") to YA Global Master SPV, Ltd ("YA Global"), which is advised by Yorkville Advisors LLC ("Yorkville").

The note carries interest of 10% per annum, and is convertible into ordinary shares at the option of YA Global until 6 September 2014, after which the loan notes become repayable. The price of conversion will be determined by a formula equal to 97% of the six lowest daily volume weighted average prices during 12 consecutive trading days beginning on the first trading day immediately following the delivery of a notice of conversion by the bondholder.

The proceeds of the Convertible Note will be applied towards exploration in Sudan and working capital for the Company.

Regency announces the appointment of Beaufort Securities Ltd as Joint Broker.

Enquiries:

Andrew Bell 020 7747 9960 or 07766 474849	Chairman Regency Mines plc
Sandra Spencer 020 7747 9990 or 07757 660 798	Investor Relations Regency Mines plc
Colin Aaronson / Ed Thomas 020 7383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500	AIM Broker SI Capital Ltd.
Guy Wheatley 020 7382 8416	Joint Broker Beaufort Securities Ltd