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Regency Mines swings to profit on asset sale proceeds

By BFN News | 08:02 AM | Friday 23 March, 2018


Regency Mines swung to an interim profit after it booked proceeds from the sale of its 5% stake in private exploration company Horse Hill Developments. Pre-tax profit amounted to £421K, compared to a loss in the previous year of £182k. Proceeds from the asset sale were used to boost the company's stake in Curzon Energy to 8.91%, offering exposure to the US coal bed methane market, the company asid. At 8:02am: (LON:RGM) Regency Mines PLC share price was 0p at 0.5p Story provided by StockMarketWire.com

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