one day
"The Company was advised in April 2020 that Regency Mines PLC had agreed to acquire A$1.71 million of debt of RMI from Sinom (Hong Kong) Limited, RMI’s largest Shareholder and an entity controlled by RMI’s Non-Executive Director, Andy Zhang. RMI is not a party to this debt acquisition by Regency.
A summary of the debt purchase agreement, derived from a public announcement by Regency in London on 8th April , was released to the market on 9th April 2020.
Included in the Regency announcement was reference to its “…plan to initiate constructive discussions with RMI management regarding synergies between its Mambare project and the WoWo Gap nickel-cobalt project in PNG”. At this stage, Regency have not initiated any discussions."
source report as above
Ann: Quarterly Activities Report - March 2020, page-3
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