8 Apr 2015 14:30
Regency Mines Plc
("Regency" or the "Company")
Sale of Horse Hill Oil Interest
8 April 2015
Further to the announcement of 12 March 2015, Regency Mines Plc is pleased to announce the completion of the sale to Alba Mineral Resources plc ("Alba") of Regency's 5 per cent stake in Horse Hill Developments Limited, with the receipt of the £290,000 balance of the consideration.
Andrew Bell, Chairman, comments:
"We wish Alba well with their continuing investment in Horse Hill, and through our residual holding in Alba will continue to have an indirect interest in the project's future success. Regency continues to seek opportunities in the sector that match its specific and demanding investment criteria."
For further information, please contact:
Andrew Bell0207 747 9960 or 0776 647 4849 Chairman Regency Mines Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.
Christian Pickel 0203 128 8208 Media Relations MHP Communications