CORCEL PLC — Share Issue/Capital Change 2015

Dec 17, 2015

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RNS Number : 4864J

Regency Mines PLC

17 December 2015

REGENCY MINES PLC

("Regency" or the "Company")

ISSUE OF EQUITY

PROPOSED CAPITAL RE-ORGANISATION

17 December 2015

Regency Mines plc, the natural resource development and investment company with interests in oil and mineral exploration, announces that the Company has issued 7 new ordinary shares of 0.01p each for a nominal total consideration of 0.07p ("the Shares"). 

The Shares have been issued to adjust the total number of shares in issue to be 2,497,434,980 at the time of the Annual General Meeting on 23 December at 11.00, and accordingly be a suitable number to be divided into 20 pursuant to the resolution to approve a capital re-organisation.

As set out in the Notice of Annual General Meeting, shareholders will be asked to consider, and if thought fit, pass resolutions which will have the following effect:  that (A) each of the existing issued ordinary shares of 0.01pence each will be divided into one deferred share of 0.0095p each and one new ordinary share of 0.0005 pence; and (B) every twenty ordinary shares of 0.0005 pence are consolidated into one new ordinary share of 0.01 pence each.

Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM ("Admission").  Admission is expected on 23 December 2015.

For further information, please contact:

Andrew Bell 0207 747 9960 or 0776 647 4849                            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.

Christian Pickel 0203 128 8208                                                   Media Relations MHP Communications

This information is provided by RNS

The company news service from the London Stock Exchange

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