1 Jun 2010 17:55
REGENCY MINES PLC
Exercise of Options and Issue of Equity
Dated: 1 June 2010
Regency Mines PLC ("Regency" or the "Company") has today allotted 3,125,000 new ordinary shares of 0.1p ("Ordinary Shares") following the exercise of 2,375,000 options to subscribe for Ordinary Shares in the Company at a price of 1 penny per share and of the exercise of 750,000 options to subscribe for Ordinary Shares in the Company at a price of 1.25 pence per share ("New Ordinary Shares").
John Watkins, a director, exercised 500,000 options at a price of 1.25 pence per share; Julian Lee, a director, exercised 250,000 options at a price of 1 penny per share and 250,000 options at a price of 1.25 pence per share; Ed Bugnosen, a director, exercised 100,000 options at a price of 1 penny per share.
As a result of this exercise of options, John Watkins directly holds 1,650,000 Ordinary Shares in the Company, representing 0.4 per cent. of the Company's issued ordinary share capital; Julian Lee directly holds 824,000 Ordinary Shares in the Company, representing 0.2 per cent. of the Company's issued ordinary share capital; and Edmund Bugnosen directly holds 100,000 Ordinary Shares in the Company, representing 0.02 per cent. of the Company's issued ordinary share capital.
In addition to their interests in the Ordinary Share Capital of the Company stated above, Mr Watkins, Mr Lee and Mr Bugnosen remain interested in the following options to subscribe for the Company's Ordinary Shares.
|
| Number of Options | Expiry Date | Exercise Price |
| Julian Lee | 1,000,000 | 11 May 2012 | 4.5 pence |
|
| 250,000 | 30 Sept 2014 | 2.5 pence |
|
| 250,000 | 30 Sept 2014 | 3.5 pence |
| Edmund Bugnosen | 100,000 | 31 May 2011 | 1.25 pence |
|
| 1,000,000 | 30 Sept 2014 | 2.5 pence |
|
| 1,000,000 | 30 Sept 2014 | 3.5 pence |
| John Watkins | 1,000,000 | 11 May 2012 | 4.5 pence |
|
| 500,000 | 30 Sept 2014 | 2.5 pence |
|
| 500,000 | 30 Sept 2014 | 3.5 pence |
Application will been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM will occur on Monday 7 June 2010.
Following the issue and allotment of the new Ordinary Shares, the Company will have 412,381,777 ordinary shares in issue.
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 | 020 7011 9411 | City of London PR | Public Relations |
Updates on the Company's activities are regularly posted on its website www.regency-mines.com.