RGM.L Regulatory News (RGM)

22 May 2009 07:00

REGENCY MINES PLC

 Issue of Equity

Dated: 22 May 2009

Regency Mines plc ("Regency" or the "Company") the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, has issued 33,666,667 new ordinary shares of 0.1p each in the capital of the Company (the "Shares") at 0.75p per Share, to raise £252,500 before expenses, conditional on the Shares being admitted to trading on AIM.

Equity Resources plc, a PLUS quoted company of which John Watkins is a director, has agreed to subscribe for 6,666,667 Shares at 0.75p per Share. Following the subscription, Equity Resources plc will be interested in 16,666,667 ordinary shares, which is approximately 4.72% of the issued share capital of the Company as enlarged by the placing.

City Equities Limited has agreed to subscribe for 27,000,000 Shares at 0.75p per Share. Following the subscription, City Equities Limited will be interested in 27,000,000 Shares, which is approximately 7.65% of the issued share capital of the Company as enlarged by the placing.

Following the issue of these Shares the Company's total issued share capital will be 352,807,330 ordinary shares of 0.1p each. Application will be made to the London Stock Exchange for the 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 28 May 2009.

Enquiries:

Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.