LONDON (Dow Jones)--ReGen Therapeutics PLC(RGT.LN) said Friday it has conditionally placed 3.5 million new ordinary shares at 2 pence per ordinary share to raise GBP70,000 before expenses for general working capital purposes. MAIN FACTS: -The new ordinary shares will represent 4.99% of the enlarged issued share capital of the company -Shares on Thursday closed at 2.13 pence, valuing the company at GBP1.4 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires July 16, 2010 02:12 ET (06:12 GMT)