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Regency Mines pushes back bulk of debt repayments to give 'clearer runway through 2019'

Andrew Bell, chairman of Regency Mines PLC (LON:RGM), tells Proactive London's Andrew Scott the main burden of its debt repayments have been shifted into 2020 through an issue of convertible notes and a partial repayment and re-profiling of a loan note.

Regency's raised £676,000 by the issue of £676,000 of convertible notes with accompanying warrants to institutional and high net worth investors.

Bell also updates on developments with their metallurgical coal production at MET in the US as well as plans to strengthen and refresh the Regency board.

Quick facts: Regency Mines PLC

Price: 0.035 GBX

LSE:RGM
Market: LSE
Market Cap: £530.91 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

2 min read