14:00 Tue 27 Feb 2018
Regency Mines PLC - Joint Venture with Legacy Hill Resources
("Regency" or "the Company")
Joint Venture with Legacy Hill Resources
Further to the announcement of
The purpose of the Joint Venture ("JV") is the structuring and financing of acquisitions in the
Principal Terms of the Joint Venture
· LHR will own 30% of the JV which reflects it role in financing, Investing and managing the acquisition to date.
· LHR will contribute to JV a further
· Regency will contribute to JV up to
· Equity contributions to JV under this Agreement capped at
· Regency to hold proportion of 70% of JV equal to its proportion of cash contributions
· If more than
· LHR will be responsible for day to day to day operations
· Detailed terms and operational matters to be formalised in full agreement
Background of Legacy Hill Resources
Legacy Hill Resources is a mining company founded by
Update on
Further to the announcement of
A further announcement will be made in due course.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information contact:
Scott Kaintz 0207 747 9960 Executive Director
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD
Jason Robertson 020 7374 2212 Broker
This information is provided by RNS
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE