Business
Close of Live Market Bookbuild, Issue of Equity
Close of Live Market Bookbuild, Issue of Equity.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 6655U Regency Mines PLC 19 January 2017 \n\nREGENCY MINES PLC\n(\"Regency\" or the \"Company\")\nClose of Live Market Bookbuild \nIssue of Equity\nTotal Voting Rights\n \n19 January 2017 \n \nFurther to the announcement of 18 January 2017, Regency Mines plc announces that the Live Market Bookbuild through the Teathers mobile application (the \"Teathers App\") has closed oversubscribed and that consequently £50,000 has been raised and 12,500,000 new ordinary shares of 0.01 pence each (\"Shares\") in the Company will be issued at a price of 0.4p per share with 1 for 1 warrants exercisable at a price of 0.8p for twenty-four months (\"Placing\"). \nThe purpose of the Placing is to increase the Company's working capital. \nThis will be the first Live Market Bookbuild offered via the Teathers App. Only onboarded users of the Teathers App were able to participate in the Live Market Bookbuild.\nAndrew Bell, Regency Chairman, states: \"This was the first Live Market Bookbuild offered via the Teathers App, which is so far only available on the iPhone platform and was only available to onboarded users. Given that the placing was at market price, and was only open for subscription for one and a half trading days, the fact that it closed oversubscribed is a vote of confidence both in the Company and in the App. We believe this will prove a useful tool for companies such as ourselves when they seek efficient access to market capital, and wish to offer existing shareholders transparent access to share issues. We are pleased to have been a pioneer in demonstrating the concept.\" \nFurther Information and Additional Terms \nThe Placing is conditional on admission of the Shares to trading on AIM (\"Admission\"). \nApplication has been made to the London Stock Exchange for Admission of the 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 27th January 2017\nTotal Voting Rights\nFollowing the Placing, the Company's total issued ordinary share capital will consist of 407,384,571 Shares with voting rights. No Shares are held in treasury.\nThe above figure of 407,384,571 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to not...