Regency Mines PLC Proposed fundraise through the Teathers App (3873E)
May 05 2017 - 11:05AM
UK Regulatory
TIDMRGM
RNS Number : 3873E
Regency Mines PLC
05 May 2017
REGENCY MINES PLC
("Regency Mines" or the "Company")
Proposed fundraise through the Teathers App
05 May 2017
Regency Mines announces that it proposes to raise up to
GBP110,000 (the "proposed fundraise") through the Teathers mobile
application (the "Teathers App"). This will involve the issue of up
to 12,222,223 new ordinary shares of 0.01p each at a price of 0.9p
per ordinary 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. Only onboarded users of the Teathers App will be able to
participate in the proposed fundraise.
The proposed fundraise will commence at 1700 Friday 05 May and
will close at or before 0600 on Monday 08 May.
Andrew Bell, Regency Chairman, states: "In January we gave an
opportunity for qualified shareholders and investors to participate
through the Teathers App on the same terms as a placing conducted
at that time. That was a success, and following this week's placing
we have been made aware of a demand and an expectation that we do
this again. We are glad to widen the opportunity for participation
by a small additional fundraise."
Background Information
Regency Mines is a natural resource development and investment
company with interests in oil and mineral exploration, and in the
production of metallurgical coal. 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.
Background to the Teathers App
The Teathers App is a mobile application designed to give
qualified private investors access to placements & Initial
Public Offerings (IPOs), predominantly on the London Stock
Exchange's Alternative Investment Market (AIM).
The Teathers App is an execution only platform. When an
AIM-listed company raises money by private placement, "onboarded"
users of the Teathers App have the opportunity to participate in
the placement on the same terms as other investors. An "onboarded"
user of the Teathers App is one who has already opened a brokerage
account with Shard Capital. Shard Capital is the broker supporting
the Teathers App and provides the necessary environment, including
compliance oversight and client identification. Shard Capital is
regulated by the FCA.
The Teathers App is currently available in the App Store for iOS
devices. A version of the Teathers App will be released in Google
Play imminently.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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