Archipelago Resources PLC Extension of Company Options (6587Y)

TIDMAR.

RNS Number : 6587Y

Archipelago Resources PLC

26 February 2013

26 February 2013

AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")

Extension of Company Options

In October 2010, the Company granted options over ordinary shares at an exercise price of 12.5 pence to RMB Australia Holdings Limited. As announced on 24 January 2011, 6,178,301 of those options were subsequently acquired by PT Rajawali Corporation ("Options"). Shareholder approval is now required before exercise of the Options. The Company has therefore agreed to extend the exercise date for the Options from 31 August 2012 to 31 August 2013 so as to seek prior shareholder approval. An appropriate resolution will be tabled at Archipelago's 2013 Annual General Meeting.

FURTHER INFORMATION

 
 
   Archipelago Resources 
   plc 
   Vice President - Corporate 
   Affairs                                                                 [phone] 
   Matthew Salthouse               [phone]                            8000 
------------------------------  ----------------  ----------------------  ------------ 
                                                   Canaccord Genuity 
                                                    Limited 
                                                    Joint Broker 
                                                    Andrew Chubb 
                                                    Christopher Fincken 
------------------------------  ----------------  ----------------------  ------------ 
 Grant Thornton Corporate 
  Finance 
  NOMAD 
  Gerry Beaney                   [phone] 
  David Hignell                   5100 
------------------------------  ----------------  ----------------------  ------------ 
                                                   Liberum Capital 
   Buchanan                                         Limited 
   Corporate Communication                          Joint Broker 
   Bobby Morse                     [phone]      Michael Rawlinson      [phone] 
   Gordon Poole                    5000             Christopher Kololian    2000 
------------------------------  ----------------  ----------------------  ------------ 
 

ABOUT ARCHIPELAGO

Archipelago is a producing mining company listed on the AIM market of the London Stock Exchange. Archipelago's vision is to grow into a respected and regionally dominant mid-cap gold producer, managing a portfolio of gold mines and delivering significant value and returns for our shareholders. Archipelago's principal activities are gold mining and exploration in Indonesia (as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia). For the year to 31 December 2013, Archipelago expects to produce between 140,000 and 155,000 Au Eq oz at a cash cost of between $620 and $680 per Au oz.

This information is provided by RNS

The company news service from the London Stock Exchange

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