31 Mar 2010 16:44
Regency Mines PLC
Option Exercise and Director's Dealing
31 March 2010
Regency Mines PLC ("Regency" or the "Company") announces that John Watkins, a director of the Company, has today exercised 500,000 options to subscribe for ordinary shares in the Company at a price of 1 pence per share ("New Ordinary Shares").
Following this exercise, Mr. Watkins will be interested in 1,150,000 ordinary shares in the Company. This holding will represent 0.28 per cent. of the Company's issued ordinary share capital, as enlarged by the option exercise.
Application will been made for the New Ordinary Shares, which will 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 19 April 2010.
Following the issue and allotment of the new Ordinary Shares, the Company will have 409,256,777 ordinary shares in issue.
For further information contact:
| Andrew Bell | 0207 402 4580 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 | Lothbury Financial Ltd | Public Relations |
Updates on the Company's activities are regularly posted on its website www.regency-mines.com.
RGM.L (RGM)