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RGM completes acquisition of Horse Hill stake

By BFN News | 07:39 AM | Tuesday 23 February, 2016

Regency Mines has now completed the acquisition of a 5% interest in Horse Hill Development Ltd (HHDL) from Angus Energy for a consideration of GBP400,000. In connection with the completion, 54,236,919 new ordinary shares are being issued to Angus at a price of 0.325 pence per share. In addition, 17,898,183 options exercisable into Regency shares at a price of 0.39p within eighteen months of the day of grant have now been granted to Angus. Story provided by

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