Issue of Equity

RNS Number : 6656Q
Regency Mines PLC
21 October 2011
 



REGENCY MINES  PLC

Issue of Equity

Dated: 21 October 2011

 

Regency Mines plc ("Regency" or the "Company") announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 10,249,550 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the terms of the Standby Equity Distribution Agreement ("SEDA") between Regency and YA Global, at a price of 1.957644 pence per Share (the "Subscription"). The proceeds of the Subscription are £200,650 before expenses, conditional on the Shares being admitted to trading on AIM, which are being applied towards reducing the Company's loan with YA Global Master SPV Ltd. announced on 17 June 2011.

 

Following the Subscription the Company's total issued ordinary share capital will be 622,201,135 ordinary shares of 0.1p. Application has been 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. Dealings are expected to commence at 8.00 a.m. on 27 October 2011.

 

For further information contact:

 

 

Andrew Bell

0207 402 4580 or

07766 474849

Regency Mines plc

Chairman

 





Sandra Spencer

0207 402 4580 or

07757 660 798 

Regency Mines plc

Public and Investor Relations





Peter Trevelyan-Clark/ Ben Jeynes 

020 7444 0800

Religare Capital Markets

Nominated Adviser





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
The company news service from the London Stock Exchange
 
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