viewRegency Mines PLC

Regency Mines' sale of Fraser West stake moves on


Regency Mines (LON:RGM) has moved a step closer to selling a stake in the Fraser West project in Australia to Ram Resources (ASX:RMR).

Ram shareholders, on October 8, approved all resolutions associated with the sale, including a A$1.5mln fundraise and a 30:1 share consolidation of Ram's capital, Regency said.

As reported at the end of July, the fundraising sees five billion Ram shares issued at A$0.0003 each.

Fraser West, which is prospective for gold and base metals, consists of three tenements with an area of 271 sq km.

Ram will acquire a further 70% of the tenements - to take its holding to 80% -  while Regency will take a 19.9% stake in Ram though the issue of new shares.

The initial share consideration to Regency of 19.9% of the enlarged outstanding capital of Ram will be worked out based on the total issued capital of Ram following the placing.

Quick facts: Regency Mines PLC

Price: 0.9 GBX

Market: LSE
Market Cap: £1.71 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Regency Mines PLC named herein, including the promotion by the Company of Regency Mines PLC in any Content on the Site, the Company receives...



Regency Mines CEO discusses new storage and solar opportunity and latest at...

Regency Mines PLC's (LON:RGM) CEO Scott Kaintz discusses with Proactive London's Andrew Scott the acquisition of a 50% interest in Weirs Drove Development Ltd (WDD) - a developer of energy storage and solar projects in the United Kingdom. Kaintz also reports on a positive outcome from the...

2 weeks, 4 days ago

2 min read