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Regal Resources Limited

Published : May 28th, 2015

Secures $1,5 Million Convertible Note to Support New Exploration

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Regal Secures $1,5 Million Convertible Note to Support New Exploration

Regal Resources Limited (ASX:RER) (�Regal� or �the Company�) is pleased to advise that it has entered into a A$1.5 million, convertible loan financing agreement, (�Loan Agreement�) with mining private equity group, Tembo Capital (�Tembo� or �the Lender�), who are an existing shareholder in the Company.

It is intended that the funds provided by the Loan Agreement will be used, among other things, for commencement of exploration work on permits that form part of the JV agreement with Ivanhoe Mines, (ASX release: 22 April 2015), metallurgical test work needed to support the Kalongwe Definitive Feasibility Study (�DFS�), and for working capital purposes.

 

To access the full ASX announcement, click here.



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Regal Resources Limited

DEVELOPMENT STAGE
CODE : RER.AX
ISIN : AU000000RER3
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Regal Res. is a cobalt and nickel exploration company based in Australia.

Regal Res. develops cobalt, nickel and gold in Australia.

Its main asset in development is LADY IRENE in Australia and its main exploration properties are FIRST HIT, YUNNDAGA, LADY HARRIET, SELKIRK MENZIES and EUCALYPTUS in Australia.

Regal Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 628.8 millions as of today (US$ 481.9 millions, € 450.0 millions).

Its stock quote reached its highest recent level on April 08, 2011 at AU$ 0.50, and its lowest recent point on December 23, 2016 at AU$ 0.00.

Regal Res. has 2 858 300 160 shares outstanding.

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Nominations of Regal Resources Limited
7/27/2011UCTL Update - Stanford University Appointment
Project news of Regal Resources Limited
3/30/20152015-03-31 - Change of interest of substantial holder - Para...
12/3/2013to Complete Fundraising and Commence Exploration at the Kalo...
7/24/2013Kadutu Final Drill Results Received
6/3/2013New Significant Drill Results Extend Mineralisation at Kadu...
9/24/2012secures US$7 million for DRC Exploration Funding
6/27/2012New Gold Discovery at Ngoy Prospect
5/1/2012ASX Announcement - DRC Exploration Funding Secured
3/6/2012Exploration Drilling Commences on South Kivu Gold Project
7/26/2011New Mineral Projects in DRC
6/9/2011Commencement of Exploration Activities
4/27/2011Acquisition of South Kivu Project
3/30/2011on South Kivu Project
Corporate news of Regal Resources Limited
2/2/20162016-01-19 Director resignation
12/21/20152015-11-26 - Financing update
12/21/20152015-12-18 - Funding Update
12/21/20152015-12-18 - Corporate Update
11/2/20152015-10-29 - Kalongwe Mining Licence granted
10/20/20152015-10-01 - App 4G and Corporate Governance Statement
10/20/20152015-10-01 - Annual Report (for period ended 30 June 2015)
10/5/20152015-09-30 - App 4G and Corporate Governance Statement
9/30/20152015-09-30 - Annual Report (for period ended 30 June 2015)
9/30/20152015-09-30 - Appendix 3B - Placement - Tembo Fees
9/30/20152015-09-30 - Cleansing Notice - Tembo Fees
8/13/20152015-08-13 - Notice of General Meeting & Proxy Form
8/3/20152015-08-03 - Quarterly Report (for period ended 30 June 2015...
8/2/20152015-07-31 - Kalongwe Mining Permit Conversion Update
4/21/20152015-04-20 - Kalongwe Project - Delivers Significant Scoping...
1/30/2014Kalongwe High Grade Copper Project, DRC - Drilling to Commen...
12/24/2013Season's Greetings
12/5/2013RFC Ambrian Research Report
12/5/2013Fundraising Update
11/29/2013Termination of USD5M Loan - Regal SK
11/14/2013acquires an interest in an advanced high-grade Copper/Cobalt...
9/17/2013on UCTL - Settlement Agreement Executed
6/6/2013RFC Ambrian Broker Research
11/8/2012Commencement of Work Programme
10/30/2012Quarterly Report to 30 September 2012
8/16/2012Strengthens Board With New Appointments
7/16/2012ASX Announcement - Farm-In Agreement signed with Ciris Energ...
5/16/2012UCTL Update - Significant Progress
1/23/2012Quarterly Report for period ending 31 December 2011
12/16/2011Term Sheet signed with Ciris Energy Inc. on Victorian Brown ...
3/31/2011Commencement of Biogenic Methane Enhancement Pilot
2/21/2011enters into Fundraising Agreement with BGF Equities
4/27/2010Commercialisation Pathway with Major Canadian Oil Sands Comp...
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Australia (RER.AX)BERLIN (HJY.BE)
0.220+10.00%0.0000
Australia
AU$ 0.220
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