22 Dec 2011 13:40
REGENCY MINES PLC
Issue of Equity
Dated: 22 December 2011
Regency Mines plc ("Regency" or the "Company") announces that it has placed 17,647,059 new ordinary shares of 0.1p each (the "Ordinary Shares") at a price of 1.7 pence per share to raise £300,000 before expenses (the "Placing").
The net proceeds of the Placing will be applied towards exploration expenditures in Papua New Guinea and administrative and financial costs.
Following the Placing, the Company's total issued ordinary share capital will be 639,848,194 ordinary shares of 0.1p. Application has been 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. Dealings are expected to commence at 8.00 a.m. on 30 December 2011.
For further information contact:
Andrew Bell | 0207 402 4580 or 07766 474849
| Regency Mines plc | Chairman
|
Sandra Spencer | 0207 402 4580 or 07757 660 798
| Regency Mines plc | Public and Investor Relations |
Peter Trevelyan-Clark/ Ben Jeynes
| 020 7444 0800 | Religare Capital Markets | Nominated Adviser |
Nick Emerson | 01483 413500 | Simple Investments Ltd | Broker |
Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.
RGM.L (RGM)