21 Apr 2017 14:31
REGENCY MINES PLC
("Regency" or the "Company")
Exercise of Warrants
Total Voting Rights
21 April 2017
Regency Mines plc announces that it has received notices of the exercise of 2,175,000 warrants into 2,175,000 new ordinary shares of 0.01 pence each ("Shares") in the Company at an exercise price of 0.8p per share, for gross proceeds of £17,400.
Application has been made to the London Stock Exchange for admission to AIM of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 27 April 2017.
Following the issue of Shares, the Company's total issued ordinary share capital will consist of 524,713,289 Shares with voting rights. No Shares are held in treasury.
The above figure of 524,713,289 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Background Information
Regency Mines is a natural resource development and investment company with interests in oil and mineral exploration, and in the production of metallurgical coal. Regency holds energy interests in Horse Hill Development Limited, that has discovered substantial oil deposits near Gatwick, Curzon Energy plc, with development interests in coal bed methane in Oregon, Carbon Minerals Corporation, which is currently re-opening the Rosa metallurgical coal mine in Alabama, and other coal interests. Regency also controls the Mambare project in Papua New Guinea, where it established through exploration a large nickel-cobalt Resource, and the Motzfeldt tantalum-niobium Resource in southern Greenland.
For further information, please contact:
Andrew Bell 0207 747 9960 Chairman Regency Mines Plc
Scott Kaintz 0207 747 9960 Executive Director Regency Mines Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.