Regency Mines PLC Partial sale of investment (5028P)
August 31 2017 - 11:09AM
UK Regulatory
TIDMRGM
RNS Number : 5028P
Regency Mines PLC
31 August 2017
Regency Mines Plc
("Regency" or "the Company")
Partial Sale of Investment
31 August 2017
Further to the announcement of 24 August 2017, Regency Mines
Plc, the natural resource company with interests in oil and mineral
exploration, announces that it has sold 4,535,704 shares in UK Oil
and Gas Investments PLC ("UKOG") for a consideration of
GBP325,064.14.
The acquisition cost of the sold shares under the agreement
announced on 10 July 2017 was GBP70,144.87.
Following the sale, Regency retains a position of 12,826,158
UKOG shares.
Company Chairman Andrew Bell comments: "It was prudent for us to
sell promptly some of our shares in UKOG, and in selling 26% of the
holding we have recouped a sum greater than the cost of the whole
holding, which was GBP268,502. The funds realised will enable us to
fulfil our stated intention of increasing our holdings in Curzon
Energy plc at IPO."
For further information 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
Neil Badger 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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