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Issue of Equity

27th Jun 2013 14:22

RNS Number : 0435I
Regency Mines PLC
27 June 2013
 



Regency Mines Plc

("Regency" or the "Company")

Issue of Equity

27 June 2013

Regency Mines plc announces that pursuant to a drawdown by the Company of facilities provided under the terms of the Amended Standby Equity Distribution Agreement announced on 20 June 2011 ("the Agreement"), the Company has issued 42,161,750 ordinary shares of 0.1p each ("Shares") at a price of 0.40 of a penny per Share to YA Global Master SPV ("YA Global") to raise £168,647 ("Issue"),

 

The net proceeds of the Issue will be applied towards repayments under the loan agreement entered into with YA Global which was announced on 17 June 2011.

 

Following the issue of Shares, the Company's total issued ordinary share capital will be 1,106,049,883 ordinary shares. Application has been made to the London Stock Exchange for the new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 3 July 2013.

 

For further information contact:

 

Andrew Bell020 7747 9960 or 07766 474849 Chairman Regency Mines plc

Sandra Spencer 020 7747 9960 or 07757 660 798 Investor Relations Regency Mines plc

Colin Aaronson / Daniela Amihood 020 7383 5100 NOMAD Grant Thornton Corp Finance

Nick Emerson 01483 413500 Broker Simple Investments Ltd

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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