9 Feb 2012 07:00
REGENCY MINES PLC
Issue of Equity
Dated: 09 February 2012
Regency Mines plc ("Regency" or the "Company") announces that it has placed 19,100,000 ordinary shares of 0.1p each (the "Ordinary Shares") at a price of 2.1 pence per share to raise £401,100 before expenses the ("Placing").
The net proceeds of the Placing will be applied towards exploration expenditures in Papua New Guinea and Australia, as well as for general working capital requirements.
Following the Placing, the Company's total issued ordinary share capital will be 658,948,194 ordinary shares of 0.1p. The Placing is conditional on, inter alia, admission of the new ordinary shares to trading on AIM. Application will be made to the London Stock Exchange for the new Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 24 February 2012.
For further information contact:
Andrew Bell | 0207 402 4580 or 07766 474849
| Regency Mines plc | Chairman
|
Sandra Spencer | 0207 402 4580 or 07757 660 798
| Regency Mines plc | Public and Investor Relations |
Philip Davies/David Porter | 020 7444 0800 | Religare Capital Markets | Nominated Adviser
|
Nick Emerson | 01483 413500 | Simple Investments Ltd | Broker |
Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.