Oracle Coalfields plc

December 02, 2010 02:00 ET

Completion of Funding

                                         ORACLE COALFIELDS PLC
                                      ("Oracle" or the "Company")
                                         Completion of Funding
Further  to  the  Company's announcement on 12 November 2010, Oracle is pleased to announce  that  the
subscription by Regency Mines Plc for 18,500,000 new Ordinary Shares in Oracle at a price of 5.5 pence
per share has now been completed.

Oracle confirms that the Company has 184,211,000 Ordinary Shares of 1p each in issue and Regency Mines
Plc is interested in 10.04% of the issued share capital of the Company.

Shahrukh Khan, Chairman of Oracle Coalfields, said,

"I welcome the investment from Regency Mines which is a demonstration of confidence in our strategy. I
am  pleased  with  the progress the Company is making. We are working towards completion  of  Bankable
Feasibility Study."

The Directors of Oracle are responsible for the contents of this announcement.


Oracle Coalfields PLC
Shahrukh Khan, Chairman
Telephone: +44 (0) 1366500722

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 (0) 20 7368 6959

Blythe Weigh Communications
Tim Blythe, Ana Ribeiro, Matthew Neal
Telephone: +44 (0) 207 138 3204


Contact Information

  • Oracle Coalfields plc