Regency Mines Plc (AIM:RGM) agreed to acquire 20% stake in Allied Energy Services Ltd for £0.08 million on December 19, 2019. Under the terms of the transaction, the minority shareholders will be issued 2.5 million new ordinary shares in the Regency following the 1 for 100 consolidation expected to be implemented December 24, 2019, locked in for six months with further share issues. Roland Cornish and Rosalind Hill Abrahams of Beaumont Cornish Limited acted as a financial advisor to Regency Mines Plc. Regency Mines Plc (AIM:RGM) completed the acquisition of 20% stake in Allied Energy Services Ltd on January 3, 2020.