Regency Mines Plc (AIM:RGM) Closing Of Fundraise Through Teathers App

Further to the announcement of 24 January 2018, Regency Mines announces that it has successfully closed the £100,000 (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.



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