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11 July 2014 Regency Mines Plc ("Regency" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Papua New Guinea and Sudan, is pleased to announce that it has signed a Heads of Agreement ("HOA") with Horse Hill Developments Ltd ("HHDL") for Regency to acquire a 5% stake in HHDL. This investment follows a decision by Alba Mineral Resources Plc ("ALBA"), in which Regency currently has a 14.87% direct stake, to participate in the HHDL project.
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