Business
Completion of Fundraise, TVR & Director's Dealings
Completion of Fundraise, TVR & Director's Dealings.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 4668E Regency Mines PLC 08 May 2017 \n\nREGENCY MINES PLC\n(\"Regency\" or the \"Company\")\nCompletion of Fundraise, TVR\nand\nDirector's Dealings\n \n8 May 2017 \n \nRegency Mines plc (AIM:RGM) the natural resource exploration, investment and development company announces that further to the announcement of 05 May 2017 the proposed fundraise through the Teathers mobile application, opened at 5 .p.m on the evening of 5 May 2017 (the \"Fundraise\"), has been completed successfully. \nAs there was stronger than expected demand the amount raised was increased from the proposed £110,000 to £160,000 and closed at 6 a.m. today.\nUnder the Fundraise, the Company will issue 17,777,779 new ordinary shares of 0.01 pence (\"Shares\") at a price of 0.9 pence per 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.\nFurther Information and Additional Terms of Fundraise\nThe Fundraise 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 22nd May 2017.\nTotal Voting Rights\nFollowing the Fundraise, the Company's total issued ordinary share capital will consist of 576,491,064 Ordinary Shares with voting rights. No Ordinary Shares are held in treasury.\nAs of the date of the Admission, the above figure of 576,491,064 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 FCA's Disclosure and Transparency Rules.\nDirector's Dealings\nMr Andrew Bell, a director of the Company, participated in the Fundraise, applying for 2,222,222 Shares. His current holding, adjusted for this purchase, is shown below:\n \n \n \n \n\n\n\n\nDirector\n\n\nOrdinary Shares Post Issuance\n\n\nTotal Shares\n\n\n% of Enlarged Issued Share Capital\n\n\nWarrants\n\n\nOptions\n\n\n\n\n\n\n\n\n\n\n\nDirect\n\n\nIndirect\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAndrew R M Bell\n\n\n2,222,222...