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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Archipelago Res | LSE:AR. | London | Ordinary Share | GB0033551721 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6232O Archipelago Resources PLC 25 February 2008 ANNOUNCEMENT ARCHIPELAGO RESOURCES PLC SPIN-OFF OF ARCHIPELAGO METALS SUCCESSFULLY COMPLETED Archipelago Resources plc ("Archipelago" or the "Company") is pleased to advise that the offer for sale of Archipelago Metals Limited shares and options to Archipelago shareholders (the "Offer") announced on 17 January 2008 is now complete. The Offer was heavily over subscribed by way of applications for excess shares and options and after satisfaction of all pro-rata applications, excess applications were scaled back pro-rata to share holdings in Archipelago or 30,000 shares in Archipelago Metals, whichever was the greater. When cheques have been cleared, shareholders will be notified of their allocations of shares and options which will be issuer sponsored (uncertificated) and managed by Security Transfer Registrars. Excess funds relating to unaccepted applications for excess shares will be refunded when application cheques have been cleared. As advised in the Offer document the shares and options will initially be unlisted but Archipelago Metal's intention is to list both on the Australian Stock Exchange in due course. Archipelago is a mining company listed on the AIM market of the London Stock Exchange. Following the sale of Archipelago Metals Limited shares and options, the Company will remain focused on gold mining and exploration, primarily in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with VINACOMIN a Vietnamese Government mining company) and the Philippines (as option holder over a 100% interest in the Corplex tenements). Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc. Tel: 00-618-9364-8301 Richard Chase, Ambrian Partners Ltd Tel: 020-7776-6461 Ron Marshman / John Greenhalgh, City of London PR Limited Tel: 020-7628-5518 Gerry Beaney / Fiona Kindness, Grant Thornton Corporate Finance Tel: 020 7383 5100 www.archipelagoresources.com.au This information is provided by RNS The company news service from the London Stock Exchange END MSCPUUWGPUPRGCC
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