RGM.L Regulatory News (RGM)

6 Mar 2007 14:59

Regency Mines PLC06 March 2007 REGENCY MINES PLC Investment Holding Dated: 6 February 2007 Regency Mines plc (the "Company") the mining exploration and mineral investmentcompany with interests in copper and nickel in Western Australia, Queensland,and Papua New Guinea, announces that it now holds 12,021,360 restricted sharesin Aquarian Gold Corporation ("AQGC"), which is traded on the pink sheets withtrading symbol PK: AQGC. This holding arises from the exercise by AQGC of an option over coal explorationlicenses totalling 54,000 hectares in Sumatra, Indonesia. The share holdingacquired by the Company amounts to approximately 16.2% of the outstanding sharecapital of AQGC. The gross cost of the Company's investment in developing thisopportunity was £54,347.80. The Company also holds 500,000 warrants over AQGC shares exercisable for oneyear at a price of US$0.40 per AQGC share. The current trading price of AQGCshares is US$0.30. The AQGC shares issued to the Company are restricted, and in ordinarycircumstances will not, under U.S. securities laws, be freely tradable until oneyear after the issue date. Thereafter the Company will be restricted to sales ofup to 1% of their holding in any three month period. AQGC intends to change its name to Aquarian Coal Corporation and to concentrateon building a portfolio of coal assets. Andrew Bell, the Chairman of theCompany, has joined the board of AQGC as non-executive Chairman. Enquiries: Andrew Bell 07766 474849 Regency Mines plc Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public RelationsGreenhalgh Updates on the Company's activities are regularly posted on its website,www.regency-mines.com. This information is provided by RNS The company news service from the London Stock Exchange