Regency Mines Plc
("Regency" or the "Company")
Share Placing
Total Voting Rights
20 August 2015
Regency Mines announces that it has raised £200,000 by way of a placing of 444,444,600 new ordinary shares of 0.01 pence each ("Shares") in the Company with institutional investors, at a price of 0.045p per Share (the "Placing").
Additionally, for every two new ordinary shares subscribed for in the Placing one warrant will be issued to the subscriber. The warrants will enable the holder to subscribe for one new ordinary share in the Company at an exercise price of 0.065p at any time from 4 September 2015 to 3 March 2017.
The proceeds of the Placing will be applied to oil and gas investment due diligence activities, and for working capital purposes.
Application has been made to the London Stock Exchange for the new 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 or around 26 August 2015.
Following the Placing, the Company's total issued ordinary share capital will consist of 2,497,434,973 Ordinary Shares with voting rights. No Ordinary Shares are held in treasury.
The above figure of 2,497,434,973 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Andrew Bell 0207 747 9960 or 0776 647 4849 Chairman Regency Mines Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.
Christian Pickel 0203 128 8208 Media Relations MHP Communications