Issue of Equity

RNS Number : 1296W

Regency Mines PLC

12 November 2010

 



Regency Mines PLC

('Regency' or the 'Company')

Issue of Equity

12 November 2010

Regency Mines, the mining exploration and mineral investment company with interests in copper, nickel, and coal announces that it has placed 10,470,000 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 3 pence per Ordinary Share (the 'Placing'), for a subscription amount of £314,100 before expenses. The proceeds of the Placing will be applied towards general working capital purposes.

Application will be made to the London Stock Exchange for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading will commence on 18 November 2010.

Following the issue of the new Ordinary Shares the Company's issued ordinary share capital, as enlarged by the Placing, will be 507,351,777 Ordinary Shares.

For further information contact:

Regency Mines PLC               Andrew Bell, Chairman                           0207 402 4580

                                                Sandra Spencer, Public and

                                                Investor Relations                                     0207 402 4580

Nominated Adviser

Religare Capital Markets       Peter Trevelyan-Clark/Ben Jeynes            020 7444 0800

Broker

Simple Investments Ltd         Nick Emerson/Renato Rufus                      01483 413500

 

END

 

 

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