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Regency Mines PLC - Issue of Equity

RNS Number:9779S Regency Mines PLC 24 April 2008 REGENCY MINES PLC Issue of Equity Dated: 24 April 2008 Regency Mines plc ('Regency' the 'Company') the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, has issued 17,500,000 new ordinary shares of 0.1p each in the capital of the Company (the 'Shares') at 2.25p per Share, to raise #393,750 before expenses, conditional on the Shares being admitted to trading on AIM. City Equities Limited has agreed to subscribe for 10,000,000 Shares at 2.25p per Share. Following the subscription, City Equities Limited will hold 10,000,000 Shares, which is approximately 4.7% of the issued share capital as enlarged by the placing. John Watkins, a director of the Company, has agreed to subscribe for 150,000 Shares at 2.25p per Share. Following the subscription he will be interested in 26,500,000 Shares which is approximately 12.4% of the issued share capital as enlarged by the placing. Andrew Bell, a director of the Company, has agreed to subscribe for 100,000 Shares at 2.25p per Share. Following the subscription he will be interested in 43,744,265 Shares which is approximately 20.4% of the issued share capital as enlarged by the placing. Following the issue of these Shares the Company's total issued share capital will be 214,440,662 Shares. Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on Wednesday 30 April 2008. Enquiries: Andrew Bell 0207 402 4580 Regency Mines plc Chairman or 07766 474849 John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations Greenhalgh Updates on the Company's activities are regularly posted on its website, www.regency-mines.com. This information is provided by RNS The company news service from the London Stock Exchange END IOEFKNKPPBKDDQB

Quick facts: Regency Mines PLC

Price: 0.04

Market: LSE
Market Cap: £606.76 k
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Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19