REGENCY MINES PLC
('Regency' or the 'Company')
ISSUE OF EQUITY
PROPOSED CAPITAL RE-ORGANISATION
17 December 2015
Regency Minesplc,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 passuwith 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 Bell0207 747 9960 or 0776 647 4849 ChairmanRegency Mines Plc
Scott Kaintz0207 747 9960 Executive DirectorRegency Mines Plc
Roland Cornish/Rosalind Hill Abrahams0207 628 3396 NOMADBeaumont Cornish Limited
Jason Robertson0129 351 7744 BrokerDowgate Capital Stockbrokers Ltd.
Christian Pickel0203 128 8208 Media RelationsMHP Communications