26th Feb 2014 14:37
LONDON (Alliance News) - Regency Mines PLC said Wednesday that its associated company Ram Resources Ltd had raised AUD1.5 million to fund an exploration programme at its Fraser Range and Fraser Range North projects in Australia.
Regency owns an 18.2% interest in Ram, and a royalty over and 20% carried interest in Ram's Fraser Range project.
Ram raised the fund through the issue of 187.5 million new shares at 0.8 cents.
Shares in Regency were trading up 4.8% at 0.330 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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