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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.

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Price: 1.175 GBX

LSE:CRCL
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Market Cap: £2.23 m
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on 20/7/20

2 min read