29 Dec 2010 13:19
REGENCY MINES PLC
Issue of Equity - Correction
Dated: 29 December 2010
This announcement replaces the "Issue of Equity" announcement released at 10:52 on 29 December 2010 with RNS Number 6549Y, which overstated the Company's resultant issued ordinary share capital following the Placing, as defined therein, by some 34,117 ordinary 0.1p shares. The full amended text appears below:
Regency Mines plc ("Regency Mines" or the "Company") announces that it has placed 4,193,850 new ordinary shares of 0.1 pence each ("Shares") in the Company at a price of 5.996875 pence per Share (the "Placing"). The proceeds of the Placing are approximately £250,000 before expenses, conditional on the Shares being admitted to trading on AIM.
Following the Placing, the Company's issued ordinary share capital will be 543,386,741 ordinary shares of 0.1p. Application has been 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 5 January 2011.
For further information contact:
Regency Mines PLC Andrew Bell, Chairman 0207 402 4580
Sandra Spencer, Public and
Investor Relations 0207 402 4580
Nominated Adviser
Religare Capital Markets Peter Trevelyan-Clark/Ben Jeynes 020 7444 0800
Broker
Simple Investments Ltd Nick Emerson 01483 413500
Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.