21 Oct 2011 18:25
REGENCY MINES PLC
Issue of Equity
Dated: 21 October 2011
Regency Mines plc ("Regency" or the "Company") announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 10,249,550 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the terms of the Standby Equity Distribution Agreement ("SEDA") between Regency and YA Global, at a price of 1.957644 pence per Share (the "Subscription"). The proceeds of the Subscription are £200,650 before expenses, conditional on the Shares being admitted to trading on AIM, which are being applied towards reducing the Company's loan with YA Global Master SPV Ltd. announced on 17 June 2011.
Following the Subscription the Company's total issued ordinary share capital will be 622,201,135 ordinary shares of 0.1p. Application has been 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 27 October 2011.
For further information contact:
Andrew Bell | 0207 402 4580 or 07766 474849 | Regency Mines plc | Chairman
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Sandra Spencer | 0207 402 4580 or 07757 660 798 | Regency Mines plc | Public and Investor Relations |
Peter Trevelyan-Clark/ Ben Jeynes | 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.