Further sale of investment

RNS Number : 6179P

Regency Mines PLC

01 September 2017

 

Regency Mines Plc

("Regency" or "the Company")

Further Sale of Investment

1 September 2017

Further to the announcement of 31 August 2017, Regency Mines Plc, the natural resource company with interests in oil and mineral exploration, announces that it has sold a further 6,000,000 shares in UK Oil and Gas Investments PLC ("UKOG") for a total net consideration of £416,411.24.

The acquisition cost of the sold shares under the agreement announced on 10 July 2017 was £92,790.27.

Following the sales, Regency retains a position of 6,826,158 UKOG shares.

Company Chairman Andrew Bell comments: "These sales together with those announced yesterday mean that we have now sold 10,535,704 shares in UKOG at an average price over 7p a share. This concludes the immediate sale programme undertaken to provide liquidity and derisk and rebalance our portfolio of interests."

For further information contact:

Andrew Bell 0207 747 9960                                                                   Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960                                                                    Executive Director Regency Mines Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396                       NOMAD Beaumont Cornish Limited

Neil Badger 0129 351 7744                                                                    Broker Dowgate Capital Stockbrokers Ltd.

 

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