Regency Mines PLC Closing Of Fundraise Through Teathers App (2426D)
January 29 2018 - 10:13AM
UK Regulatory
TIDMRGM
RNS Number : 2426D
Regency Mines PLC
29 January 2018
REGENCY MINES PLC
("Regency Mines" or the "Company")
Closing Of Fundraise Through Teathers App
29 January 2018
Further to the announcement of 24 January 2018, Regency Mines
announces that it has successfully closed the GBP100,000 (the
"Fundraise") through the Teathers mobile application (the "Teathers
App"), which was fully subscribed.
18,181,818 new ordinary shares of 0.01p each ("Shares") will be
issued under the Fundraise at a price of 0.55p per ordinary share
on the same terms as described in the "Business Update, Strategic
Financing and Director Participation" announcement of 11 January
2018, together with 1 for 1 warrants exercisable at a price of 1p
for twenty-four months. The warrants have an accelerator for
conversion in that the company can compel conversion of the
warrants within the exercise period in the event that the volume
weighted average price of Shares equals or exceeds 3.5p for ten
consecutive business days.
The Fundraise is conditional on admission of the Shares to
trading on AIM ("Admission").
The settlement date under the Fundraise is T+10. Application
will be made to the London Stock Exchange for Admission of the
Fundraise 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 12 February 2018.
Total Voting Rights (TVR)
Following the issue of the Fundraise Shares, the issued share
capital of the Company will consist of 787,885,972 ordinary shares
of 0.01p each with voting rights. No Ordinary Shares are held in
Treasury.
The above figure of 787,885,972 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 Disclosure and Transparency
Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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 0207 374 2212 Broker First Equity Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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