TIDMRGM
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 GBP110,000 to GBP160,000 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 Total % of Warrants Options
Post Issuance Shares Enlarged
Issued
Share
Capital
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 Initial Notification
/Amendment
---- -------------------------- -------------------------------------
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 Ordinary Shares of 0.01p
the financial each
instrument, type
of instrument
----
Identification ISIN: GB00BYVT4J08
code
b) Nature of the Participation in Fundraise
transaction
---- -------------------------- -------------------------------------
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
END
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