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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 : 3947A Archipelago Resources PLC 01 August 2008 ANNOUNCEMENT ARCHIPELAGO RESOURCES PLC ISSUE OF SHARES to INSTITUTIONAL & PRIVATE INVESTORS Archipelago Resources plc ("Archipelago" or "the Company") is pleased to announce that institutional and private investors have agreed to subscribe for 12,380,000 Ordinary Shares of 1p each in the capital of the Company ("Placement Shares") at an issue price of 25 pence per share to raise £3.1m for the Company. The placing has been made under authority granted by shareholders at a General Meeting held on 15th April 2008 and the proceeds will be used for general working capital purposes, while project financing for development of the Toka Tindung Gold Project is being finalised in accordance with the Announcement on 29th July 2008. The Company has applied for the Placement Shares to be admitted to AIM and Admission is expected on 8 August, 2008. Following the issue of the Placement Shares the Company will have 201,149,334 Ordinary Shares of 1p each in issue, each carrying one voting right. Archipelago is a mining company listed on the AIM market of the London Stock Exchange. The Company's principal activities are gold mining and exploration 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 Ron Marshman / John Greenhalgh, Lothbury Financial Tel: 020-7011-9411 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 IOEQFLFXVDBBBBL
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