Regency Mines PLC Loan Conversion (9512S)

TIDMRGM

RNS Number : 9512S

Regency Mines PLC

15 March 2019

Regency Mines PLC

("Regency" or the "Company")

Loan Conversion

15 March 2019

Regency Mines Plc (LON: RGM) the natural resource exploration and development company with interests in hydrocarbons, energy storage and battery metals announces that it has received notice from YA II PN Ltd and Riverfort Global Capital Ltd. of the partial conversion of $105,705.69 (GBP80,072) of its outstanding $1,279,800 (GBP969,447) loan note originally announced on 6 June 2018 and then refinanced on 14 January 2019.

The Company has in consequence issued 97,292,904 new ordinary shares of 0.01p each ("Ordinary Shares") in the Company at a price of 0.0823 pence. This price has been calculated under the terms in effect from the original agreement following an initial six-month period where conversion occurs on the basis of an amount equal to 90% of the lowest daily VWAP over the five trading days immediately preceding the conversion notice being submitted.

Admission to trading on AIM and Total Voting Rights (TVR)

Application has been made for 97,292,904 new Ordinary Shares to be admitted to trading on AIM, 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 21st March 2019. The new Ordinary Shares are being issued pursuant the authority provided by Resolution 5 passed at the Annual General Meeting on 29 December 2017 and in effect at the time the Company entered into the obligation.

Total Voting Rights (TVR)

Following the issue of the 97,292,904 new Ordinary Shares, the issued share capital of the Company consists of 974,546,919 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 974,546,919 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 Guidance and Transparency Rules.

For further information, please contact:

Scott Kaintz 0207 747 9960 Director Regency Mines Plc

   Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396        NOMAD Beaumont Cornish Limited 

Jason Robertson 0207 374 2212 Broker First Equity Limited

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March 15, 2019 03:00 ET (07:00 GMT)