Archipelago Resources PLC Exercise of Options (4992K)

TIDMAR.

RNS Number : 4992K

Archipelago Resources PLC

31 July 2013

31 July 2013 AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")

Exercise of Options

Archipelago has issued a total of 125,000 Ordinary Shares of 1 pence each ("Ordinary Shares") as a result of 125,000 options being exercised under the Company's 2002 Unapproved Executive Share Option Scheme at an exercise price of 38.5 pence per share.

Application has been made for these shares to be admitted to trading on AIM on 6 August 2013.

As a result of this share issue, the Company has in issue 581,835,936 Ordinary Shares, with voting rights.

FURTHER INFORMATION

 
 
   Archipelago Resources 
   plc 
   President - Corporate 
   Strategy                                                             [phone] 
   Matthew Salthouse            [phone]                            8000 
---------------------------  ----------------  ----------------------  ------------ 
                                                Canaccord Genuity 
                                                 Limited 
                                                 Joint Broker 
                                                 Andrew Chubb 
                                                 Christopher Fincken 
---------------------------  ----------------  ----------------------  ------------ 
 Grant Thornton UK LLP 
  NOMAD 
  Philip Secrett              [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). In 2013, Archipelago expects to produce between 140,000 and 155,000 Au Eq oz at a cash cost of between US$620 and US$680 per ounce (net of silver credits).

This information is provided by RNS

The company news service from the London Stock Exchange

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