Issue of Equity

RNS Number : 2739T

Regency Mines PLC

24 September 2010

 



Regency Mines PLC

('Regency' or the 'Company')

Issue of Equity

24 September 2010

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 it has placed 10,000,000 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 1.25 pence per Ordinary Share (the 'Placing'), for a subscription amount of £125,000 before expenses. The proceeds of the Placing will be applied towards general working capital purposes.

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 September 2010.

Following the issue of the new Ordinary Shares the Company's issued ordinary share capital, as enlarged by the Placing, will be 496,881,777 Ordinary Shares.

For further information contact:

Regency Mines PLC               Andrew Bell, Chairman                           0207 402 4580

                                               Sandra Spencer, Public and

                                                Investor Relations                                  0207 402 4580

Nominated Adviser

Religare Capital Markets         Peter Trevelyan-Clark/Ben Jeynes           020 7444 0800

Broker

Simple Investments Ltd           Nick Emerson/Renato Rufus                    01483 413500

 

END

 

 

IOEKKQDBDBKDPCB