Business
Result of General Meeting and Placement of Shares
Result of General Meeting and Placement of Shares.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 4132Q Regency Mines PLC 29 August 2014 \n \n\n29 August 2014\nRegency Mines Plc\n(\"Regency\" or the \"Company\")\nResult of General Meeting and Placement of Shares\n \nRegency Mines plc, a natural resources exploration and investment company with interests in oil in the United Kingdom, and nickel and other minerals in Australia, Papua New Guinea and Sudan, is pleased to announce that at the General Meeting held earlier today the resolution was duly passed.\n \nPlacing of Shares \n \nFurther to Company's placement of shares announcement of 12 August 2014, issuance of the second tranche of placing shares has now been authorised and approved at the General Meeting held today. In the second tranche, the Company has raised £157,700 by way of a placing of 56,321,437 new ordinary shares of 0.1 pence each (\"Shares\") in the Company with institutional and private investors, at a price of £0.0028 per Share (the \"Placing\"). \n \nThe second tranche completes the total placing amount of £327,100 and will be applied to oil and gas exploration and for working capital purposes as previously announced. \n \nApplication has been made to the London Stock Exchange (\"LSE\") for 56,321,437 new Shares, which rank pari passu with the Company's existing Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 3 September 2014.\n \nAdditional Application\n \nThe Company has submitted an additional AIM application form (the \"Update\") to the LSE for 25,513,366 Shares with admission also expected to take place on 3 September 2014, in order to rectify certain historical inconsistences between the Company's records and those of the LSE regarding the number of Shares in issue. This application does not change the total number of Shares in issue as reflected in previous Company announcements. \n \nTotal Voting Rights\n \nFollowing the Placing, the Company's total issued ordinary share capital will consist of 1,592,224,234 Shares with voting rights. No Shares are held in treasury. \n \nThe above figure of 1,592,224,234 Shares 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...