CORCEL PLC — Regulatory Filings 2017

May 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 4668E

Regency Mines PLC

08 May 2017

REGENCY MINES PLC

("Regency" or the "Company")

Completion of Fundraise, TVR

and

Director's Dealings

8 May 2017

Regency Mines plc (AIM:RGM) the natural resource exploration, investment and development company announces that further to the announcement of 05 May 2017 the proposed fundraise through the Teathers mobile application, opened at 5 .p.m on the evening of 5 May 2017 (the "Fundraise"), has been completed successfully.

As there was stronger than expected demand the amount raised was increased from the proposed £110,000 to £160,000 and closed at 6 a.m. today.

Under the Fundraise, the Company will issue 17,777,779 new ordinary shares of 0.01 pence ("Shares") at a price of 0.9 pence per Share on the same terms as described in the "Project Update, Placing and TVR" announcement of 02 May 2017, together with the 1 for 1 warrants exercisable at a price of 1.8p for twenty-four months.

Further Information and Additional Terms of Fundraise

The Fundraise is conditional on admission of the Shares to trading on AIM ("Admission").

Application has been made to the London Stock Exchange for Admission of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 22nd May 2017.

Total Voting Rights

Following the Fundraise, the Company's total issued ordinary share capital will consist of 576,491,064 Ordinary Shares with voting rights.  No Ordinary Shares are held in treasury.

As of the date of the Admission, the above figure of 576,491,064 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Director's Dealings

Mr Andrew Bell, a director of the Company, participated in the Fundraise, applying for 2,222,222 Shares. His current holding, adjusted for this purchase, is shown below:

Director	Ordinary Shares Post Issuance		Total Shares	% of Enlarged Issued Share Capital	Warrants	Options
	Direct	Indirect
Andrew R M Bell	2,222,222	12,407,425	14,629,647	2.54%	2,222,222	13,360,000

*Mr A Bell is the beneficiary of 4,301,654 shares held on his behalf by the SIP Trustees. In addition, Mr A Bell holds 4,825,907 shares in the account of Alliance Trust Nominees Limited, 977,429 shares in the name of Beaufort Securities Nominees Limited, and 2,302,435 shares in the account of Rock (Nominees) Limited.

Background Information

Regency Mines is a natural resource development and investment company with interests in the production of metallurgical coal and in oil and mineral exploration.  Regency holds energy interests in Horse Hill Development Limited, that has discovered substantial oil deposits near Gatwick, Curzon Energy plc, with development interests in coal bed methane in Oregon, and Carbon Minerals Corporation, which is currently re-opening the Rosa metallurgical coal mine in Alabama. Regency also controls the Mambare project in Papua New Guinea, where it established through exploration a large nickel-cobalt Resource, and the Motzfeldt tantalum-niobium Resource in southern Greenland.

For further information, please contact:

Andrew Bell 0207 747 9960                                                  Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960                                                   Executive Director Regency Mines Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396     NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                           Broker Dowgate Capital Stockbrokers Ltd.

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew R M Bell

2

Reason for the notification

a)

Position/status

Chairman and CEO

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Regency Mines Plc

b)

LEI

2138009ECXQQ3EGKVY57

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 0.01p each

Identification code

ISIN: GB00BYVT4J08

b)

Nature of the transaction

Participation in Fundraise

c)

Price(s) and volume(s)

Name	Price(s)	Volume(s)
Andrew R M Bell	0.9p	2,222,222

d)

Aggregated information

- Aggregated volume

2,222,222

- Price

0.9 pence

e)

Date of the transaction

8 May 2017

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

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