Regency Mines PLC
06 March 2007
REGENCY MINES PLC
Investment Holding
Dated: 6 February 2007
Regency Mines plc (the 'Company') the mining exploration and mineral investment
company with interests in copper and nickel in Western Australia, Queensland,
and Papua New Guinea, announces that it now holds 12,021,360 restricted shares
in Aquarian Gold Corporation ('AQGC'), which is traded on the pink sheets with
trading symbol PK: AQGC.
This holding arises from the exercise by AQGC of an option over coal exploration
licenses totalling 54,000 hectares in Sumatra, Indonesia. The share holding
acquired by the Company amounts to approximately 16.2% of the outstanding share
capital of AQGC. The gross cost of the Company's investment in developing this
opportunity was £54,347.80.
The Company also holds 500,000 warrants over AQGC shares exercisable for one
year at a price of US$0.40 per AQGC share. The current trading price of AQGC
shares is US$0.30.
The AQGC shares issued to the Company are restricted, and in ordinary
circumstances will not, under U.S. securities laws, be freely tradable until one
year after the issue date. Thereafter the Company will be restricted to sales of
up to 1% of their holding in any three month period.
AQGC intends to change its name to Aquarian Coal Corporation and to concentrate
on building a portfolio of coal assets. Andrew Bell, the Chairman of the
Company, has joined the board of AQGC as non-executive Chairman.
Enquiries:
Andrew Bell 07766 474849 Regency Mines plc Chairman
John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser
Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations
Greenhalgh
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.