Regent Ventures Ltd RGVNF

Just for you Monedas

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Private Placement Regent is pleased to announce that it has agreed with AAA Capital Energy AG, Regent’s partner in McCallan, to a $1,500,000 private placement of 6,000,000 units of Regent’s securities at a price of $0.25 per unit, each unit consisting of one common share and one non-transferable share purchase warrant, with each such warrant entitling the holder to purchase one additional common share of the Company at a price of $0.40 per share for two years. The private placement will be subject a finder’s fee in cash or shares. The proceeds from the private placement will be used for the 2006 work program on Regent’s Red Mountain Gold Property, property investigations and acquisitions and general working capital. The private placement and finder’s fee are subject to acceptance for filing by the TSX Venture Exchange. Red Mountain Gold Property Regent announces that it is in the process of planning the 2006 work program on its Red Mountain Gold Property. The proposed program will be all drilling, on targets that have been identified from past work over the last couple of years. A drill was wintered on the Property and the crew is available to start as soon as access is available. The Company has the funds in hand from its flow-through financing to commence the program and will receive the proceeds from the proposed private placement with AAA. AAA has expressed its interest to provide additional substantial working capital to Regent. This would enable Regent to carry out a large drilling program on its Red Mountain Gold Property this season.