07:00 Wed 24 Jan 2018
Regency Mines PLC - Proposed fundraise through Teathers App
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Proposed Fundraise Through Teathers App
The proposed fundraise will commence at 0800 Wednesday 24 January and will close at 0800 on Monday
Note that any applications may be subject to scale back. If this occurs it will be applied pro rata on the basis of application size. The Company also reserves the right to increase the size of the raise in the event of over-subscription.
Background Information
· Regency is rebranding its nickel/cobalt and related assets as a battery metals function in recognition of the Company's position in these mineral resources to be used in EV batteries and related energy technologies;
· Operations at Mambare, the Company's major nickel/cobalt project, to be accelerated;
· Advanced due diligence and discussions underway to expand the Company's coal footprint within its hydrocarbon energy function;
· Strategic financing undertaken at 0.55p on
· Uses of funds to include general working capital and due diligence on US coal assets
· Directors
Background to the Teathers App
The Teathers App is a mobile application designed to give qualified private investors access to placements & Initial Public Offerings (IPOs), predominantly on the
The Teathers App is an execution only platform. When an AIM-listed company raises money by private placement, "onboarded" users of the Teathers App have the opportunity to participate in the placement on the same terms as other investors. An "onboarded" user of the Teathers App is one who has already opened a brokerage account with
The Teathers App is currently available in the
For further information, please contact:
Scott Kaintz 0207 747 9960 Executive Director
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD
Jason Robertson 0207 374 2212 Broker
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