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Regency Mines PLC - Further sale of investment

RNS Number : 6179P
Regency Mines PLC
01 September 2017
 

Regency Mines Plc

("Regency" or "the Company")

 

Further Sale of Investment

 

1 September 2017

 

Further to the announcement of 31 August 2017, Regency Mines Plc, the natural resource company with interests in oil and mineral exploration, announces that it has sold a further 6,000,000 shares in UK Oil and Gas Investments PLC ("UKOG") for a total net consideration of £416,411.24.

 

The acquisition cost of the sold shares under the agreement announced on 10 July 2017 was £92,790.27.

 

Following the sales, Regency retains a position of 6,826,158 UKOG shares.

 

Company Chairman Andrew Bell comments: "These sales together with those announced yesterday mean that we have now sold 10,535,704 shares in UKOG at an average price over 7p a share. This concludes the immediate sale programme undertaken to provide liquidity and derisk and rebalance our portfolio of interests."

 

For further information 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

Neil Badger 0129 351 7744                                                                    Broker Dowgate Capital Stockbrokers Ltd.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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