CORCEL PLC — Share Issue/Capital Change 2015

Aug 20, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6767W

Regency Mines PLC

20 August 2015

Regency Mines Plc

("Regency" or the "Company")

Share Placing

Total Voting Rights

20 August 2015

Regency Mines announces that it has raised £200,000 by way of a placing of 444,444,600 new ordinary shares of 0.01 pence each ("Shares") in the Company with institutional investors, at a price of 0.045p per Share (the "Placing").      

Additionally, for every two new ordinary shares subscribed for in the Placing one warrant will be issued to the subscriber.  The warrants will enable the holder to subscribe for one new ordinary share in the Company at an exercise price of 0.065p at any time from 4 September 2015 to 3 March 2017.  

The proceeds of the Placing will be applied to oil and gas investment due diligence activities, and for working capital purposes.

Application has been made to the London Stock Exchange for the new Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on or around 26 August 2015.

Following the Placing, the Company's total issued ordinary share capital will consist of 2,497,434,973 Ordinary Shares with voting rights.  No Ordinary Shares are held in treasury.

The above figure of 2,497,434,973 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.

For further information, please contact:

Andrew Bell 0207 747 9960 or 0776 647 4849                           Chairman 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.

Christian Pickel 0203 128 8208                                                   Media Relations MHP Communications

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGURCRUPAGAU