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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: 0.93 GBX

Market: LSE
Market Cap: £1.56 m

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Regency Mines PLC's (LON:RGM) chief executive Scott Kaintz updates Proactive London's Andrew Scott on the firm's recent developments with its projects and board changes including the hiring of James Parsons as executive chairman. ''We come into work with a bit of a chip on our shoulders'',...

on 27/1/20

2 min read