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Regency Mines PLC - Partial Release of Lock-in

RNS Number : 3867C
Regency Mines PLC
07 February 2020


Regency Mines PLC

("Regency" or the "Company")



Partial Release of Existing Lock In Agreement

Red Rock New Lock-In Agreement



07 February 2020

Regency Mines Plc (LON: RGM) the battery metals and flexible grid solutions company announces the partial waiver of an existing lock-in agreement over 7,789,091 shares to enable a block trade to new investors and the lock-in of all remaining shares currently held by Red Rock Resources Plc.


Partial Lock-In Release


The Company has agreed to partially release an existing lock-in agreement with YA PN II Ltd and Riverfort Global Capital in the Company's shares involving 7,789,091 shares, to facilitate a transaction by which these shares have been placed with new investors.  The balance of 18,174,545 shares held by YA PN II Ltd and Riverfort Global Capital will remain bound by the existing provisions of the lock-in agreement and are therefore not available to trade until June 2020.


Red Rock Lock-In Agreement


Regency has executed a lock-in agreement with Red Rock Resources Plc ("RRR") covering the entire position (3,383,633 shares) currently held by RRR.  Under the terms of this agreement 100% of these shares will be locked in through March 2020, 70% will be locked up through June 2020 and 40% of the total will be locked in through December 2020, at which time the agreement will expire. 


For further information, please contact:                                              

Scott Kaintz 020 7747 9960                                                             Director Regency Mines Plc

Roland Cornish/ Rosalind Hill Abrahams 020 7628 3396            NOMAD Beaumont Cornish Limited

Jason Robertson 020 7374 2212                                                    Broker First Equity Limited


This announcement contains inside information under Article 7 of Regulation (EU) 596/2014.




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Quick facts: Regency Mines PLC

Price: 0.875

Market: LSE
Market Cap: £1.66 m

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