Business
Increased Shareholding
Increased Shareholding.
About this update from Corcel Plc
[{"type":"text","content":"\n RNS Number : 0039E Regency Mines PLC 22 September 2008 \n \nREGENCY MINES PLC\nIncreased Shareholding\n \nDated: 22 September 2008\nRegency Mines plc ('Regency' or the 'Company'), the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, has increased its shareholding in the Mambare nickel-cobalt project in Papua New Guinea from 75% to 100%.\nRegency has purchased the outstanding 25% of the shares in its locally incorporated subsidiary, Canopus No. 83 Ltd, the owner of the Mambare project, from a local vendor for a consideration of Kina 350,000 (approximately £75,000) payable in two tranches, and the cancellation of a debt of £115,365.45 in outstanding debt owed by the vendor.\nDrilling continues at Mambare with seven rigs now in operation.\nEnquiries:\nRegency Mines plc\nAndrew Bell, Chairman 0207 402 4580 or 07766 474849\n\nBlomfield Corporate Finance Ltd, Nominated Adviser\nJohn Simpson / Ben Jeynes 020 7489 4500\n\nLothbury Financial Limited, Public Relations\nRon Marshman / John Greenhalgh 020 7011 9411\n\nUpdates on the Company's activities are regularly posted on its website, www.regency-mines.com.\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEALNAADSPEFE \n ","length":3983,"tagName":"div"}]