9 Apr 2013 17:39
Regency Mines Plc
("Regency" or the "Company")
Issue of Equity
9 April 2013
Regency Mines plc announces that pursuant to a drawdown by the Company of facilities provided under the terms of the Amended Standby Equity Distribution Agreement announced on 20 June 2011 ("the Agreement"), the Company has issued 36,016,750 ordinary shares of 0.1p each ("Shares") at a price of 0.40 of a penny per Share to YA Global Master SPV ("YA Global") to raise £144,067 ("Issue"),
The net proceeds of the Issue will be applied towards repayments under the loan agreement entered into with YA Global which was announced on 17 June 2011.
Following the issue of Shares, YA Global holds 44,716,750 ordinary shares in the Company representing 4.2% of the enlarged share capital.
Following the issue of Shares, the Company's total issued ordinary share capital will be 1,063,888,133 ordinary shares. Application has been made to the London Stock Exchange for the new Shares and Fee Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 15 April 2013.
For further information contact:
Andrew Bell020 7402 4580 or 07766 474849 Chairman Regency Mines plc
Sandra Spencer 020 7402 4580 or 07757 660 798 Investor Relations Regency Mines plc
Gerry Beaney / Daniela Amihood 020 7383 5100 NOMAD Grant Thornton Corp Finance
Nick Emerson 01483 413500 Broker Simple Investments Ltd