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10 Oct 2013 10:57
REGENCY MINES PLC
("Regency" or the "Company")
Ram Resources Ltd and Fraser Range Project - Update
10 October 2013
Further to the Company's announcement of 26 July 2013 in relation to the sale of an interest in the Fraser Range Project to Ram Resources Ltd (ASX:RMR)(("Ram"), Ram has announced that all Resolutions were passed at the general meeting of Ram shareholders held on 8 October 2013.
The Resolutions passed included Resolutions to approve a placement of Ram shares for cash, the issue of Ram consideration shares to Regency, the issue of Ram shares in satisfaction of creditors and fees, the creation of a new class of performance shares pursuant to the Company's agreement with Ram, and a 30 to 1 consolidation of the issued capital of Ram.
The full text of the announcement is available at: http://www.asx.com.au/asxpdf/20131008/pdf/42jwvpqxf55cyt.pdf
The details of the disposal by Regency to Ram of the Fraser Range Project were provided in the announcement by Regency on 1 July 2013.
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Andrew Bell 020 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/David Hignell 020 7383 5100 | NOMAD Grant Thornton UK LLP  |
Nick Emerson 01483 413500 | Broker SI Capital Ltd  |
Guy Wheatley 020 7382 8416 | Joint Broker Beaufort Securities Ltd  |
Rupert Trefgarne 020 3128 8817 | Media Relations MHP Communications  |
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