20th Aug 2015 15:54
LONDON (Alliance News) - Regency Mines said Thursday it has raised GBP200,000 through the placing of 444.4 million shares at a price of 0.045 pence each.
Additionally for every two new shares subscribed for in the placing it has issued a warrant that will enable the holder to subscribe for one new share at an exercise price of 0.065 pence from September 4, 2015, to March 3, 2017.
Shares in the company closed down 5.5% at 0.0567 pence.
It plans to use the proceeds for oil and gas investment due diligence activities, and for working capital.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
RGM.L