Sale of Horse Hill Oil Interest

RNS Number : 6404J

Regency Mines PLC

08 April 2015

 



Regency Mines Plc

("Regency" or the "Company")

Sale of Horse Hill Oil Interest

8 April 2015

Further to the announcement of 12 March 2015, Regency Mines Plc is pleased to announce the completion of the sale to Alba Mineral Resources plc ("Alba") of Regency's 5 per cent stake in Horse Hill Developments Limited, with the receipt of the £290,000 balance of the consideration.

Andrew Bell, Chairman, comments:

"We wish Alba well with their continuing investment in Horse Hill, and through our residual holding in Alba will continue to have an indirect interest in the project's future success. Regency continues to seek opportunities in the sector that match its specific and demanding investment criteria."

For further information, please contact:

Andrew Bell0207 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

 

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