Exercise of Warrants, Total Voting Rights

RNS Number : 1279Y

Regency Mines PLC

28 February 2017

 

REGENCY MINES PLC

("Regency" or the "Company")

Exercise of Warrants

Total Voting Rights

28 February 2017

Regency Mines plc announces that it has received notice of the exercise of 18,125,000 warrants into 18,125,000 new ordinary shares of 0.01 pence each ("Shares") in the Company at an exercise price of 0.8p per share, for gross proceeds of £145,000.

Application has been made to the London Stock Exchange for admission to AIM of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 6 March 2017.

Following theissue of Shares, the Company's total issued ordinary share capital will consist of 458,048,032 Shares with voting rights.  No Shares are held in treasury.  

The above figure of 458,048,032 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Background Information

Regency Mines is a natural resource development and investment company with interests in oil and mineral exploration, and in the production of metallurgical coal. Regency holds energy interests in Horse Hill Development Limited, that has discovered substantial oil deposits near Gatwick, Curzon Energy plc, with development interests in coal bed methane in Oregon, Carbon Minerals Corporation, which is currently re-opening the Rosa metallurgical coal mine in Alabama, and other coal interests. Regency also controls the Mambare project in Papua New Guinea, where it established through exploration a large nickel-cobalt Resource, and the Motzfeldt tantalum-niobium Resource in southern Greenland.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Andrew Bell 0207 747 9960                                                  Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960                                                   Executive Director 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.

 

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