By Devika Patel
Knoxville, Tenn., Sept. 10 - Regency Mines plc said it arranged a £3 million standby equity distribution agreement with YA Global Master SPV Ltd.
YA has committed to purchase up to £3 million of the company's ordinary stock over the course of two years in multiple tranches at a discount to market price.
Regency Mines is a London-based mineral exploration company focused on exploring for copper and nickel.
| Issuer: | Regency Mines plc
|
| Issue: | Standby equity distribution agreement
|
| Amount: | £3 million
|
| Tenor: | Two years
|
| Warrants: | No
|
| Investor: | YA Global Master SPV Ltd.
|
| Settlement date: | Sept. 10
|
| Stock symbol: | London: RGM
|
| Stock price: | 2.73p at close Sept. 10
|
| Market capitalization: | £8.98 million
|
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