Regency Mines in equity deal

US-based investment manager Yorkville has provided AIM-listed Regency Mines with a standby equity distribution agreement (SEDA) of £3 million.


US-based investment manager Yorkville has provided AIM-listed Regency Mines with a standby equity distribution agreement (SEDA) of £3 million.

US-based investment manager Yorkville has provided AIM-listed Regency Mines with a standby equity distribution agreement (SEDA) of £3 million.

The SEDA allows Regency, whose operations are focused on Australia and Papua New Guinea, to withdraw funds of up to that sum in tranches in exchange for new equity at a discount to the prevailing market price.

The money will fund the company’s sulphide nickel and other exploration activities, as well as providing general working capital.

Advisors to the deal were based outside London.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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