29 Jun 2010 14:53
Regency Mines PLC
('Regency', 'Regency Mines' or the 'Company')
Issue of Equity - Correction
29 June 2010
This announcement replaces the "Issue of Equity" announcement released at 14:03 on 29 June 2010 with RNS Number 4326O, which understated the resultant holding of John Watkins, a director of the Company, following the issue of equity referred to therein by some 500,000 ordinary 0.1p shares. The full amended text appears below:
Regency Mines, the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea announces that it has placed 15,500,000 new ordinary shares of 0.1 pence each ('New Ordinary Shares') in the Company at 1.1 pence per Ordinary Share (the "Placing"). The gross proceeds of the Placing are £170,500.
John Watkins, a director of the Company, subscribed for 1,000,000 of the New Ordinary Shares. As a result of his participation in the Placing, Mr. Watkins is now interested in 2,650,000 ordinary shares in the Company, representing 0.62% of the Company's issued ordinary share capital.
Application has 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. It is expected that admission will become effective and that trading will commence on 5 July 2010.
Following the issue of the New Ordinary Shares the Company's issued ordinary share capital, as enlarged by the New Ordinary Shares, will be 427,881,777 ordinary shares.
For further information contact:
| Andrew Bell | 0207 402 4580 or 07766 474849 | Regency Mines plc | Chairman |
| Peter Trevelyan-Clark/ Ben Jeynes
| 020 7444 0800 | Religare Capital Markets | Nominated Adviser |
| Nick Emerson | 01483 413500
| Simple Investments Ltd | Broker |
| Ron Marshman/Justine James
| 020 7245 1100 | Hansard Communications | Public Relations |
Updates on the Company's activities are regularly posted on its website www.regency-mines.com.