Issue of Equity
REGENCY MINES PLC
Issue of Equity
Dated: 14 March 2011
Regency Mines, the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, announces that YA Global Master SPV Limited ('YA Global'), which is advised by Yorkville Advisors LLC, has today subscribed for 6,436,066 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement between Regency and YA Global announced on 10 September 2009, at a price of 3.88436 pence per Share (the "Subscription"). The proceeds of the Subscription are £250,000 before expenses, conditional on the Ordinary Shares being admitted to trading on AIM.
Following the Subscription, the Company's issued ordinary share capital will be 590,440,755 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the 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 18 March 2011.
For further information contact:
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Andrew Bell |
0207 402 4580 or 07766 474849
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Regency Mines plc |
Chairman
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Sandra Spencer |
0207 402 4580 or 07757 660 798
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Regency Mines plc |
Public and Investor Relations |
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Peter Trevelyan-Clark/ Ben Jeynes
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020 7444 0800 |
Religare Capital Markets |
Nominated Adviser |
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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