Issue of Equity

24 Nov 2009 11:51

Regency Mines PLC

('Regency', 'Regency Mines' or the 'Company')

Issue of Equity

24 November 2009

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 YA Global Master SPV, LTD. ('YA Global'), which is advised by Yorkville Advisors LLC, has today subscribed for 5,201,519 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement ('SEDA') between Regency and YA Global, announced on 10 September 2009, at a price of 1.923 pence per Ordinary Share, for a net subscription amount of approximately £100,000.

Application will 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 30 November 2009.

Following the issue of the new Ordinary Shares the Company's issued ordinary share capital, as enlarged by the new Ordinary Shares, will be 384,129,384 Ordinary Shares.

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