![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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:4815M Archipelago Resources PLC 19 May 2005 ANNOUNCEMENT GRANTING of EXCLUSIVE FINANCING MANDATE and ACCEPTANCE of INDICATIVE TERM SHEET from NM ROTHSCHILD & SONS (AUSTRALIA) Archipelago Resources plc is pleased to announce that it has granted N.M. Rothschild & Sons (Australia) Limited ("Rothschild") an Exclusive Financing Mandate and accepted an Indicative Term Sheet regarding the provision of debt finance and hedging facilities to facilitate development of the Company's 85% owned Toka Tindung Gold Project in Sulawesi, Indonesia. Rothschild was appointed based upon its extensive cross border and in-country project finance experience. The terms of the finance proposal are that US$35M will be provided by way of debt finance together with a US$4M cost overrun facility. Together with the recently completed and previously announced placing of 23,216,560 Ordinary Shares of 1p each in the capital of the Company ("Ordinary Shares") at an issue price of 34 pence per share to the value of GBP7,893,630 this facility will provide funding sufficient for the Company to undertake construction of the Toka Tindung Gold Project leading to production at an average annualised rate of 160,000 ounces (ozs) of gold equivalent per annum commencing in mid 2006. The Indicative Term Sheet contains a number of pre-conditions to finance including completion of legal and financial due diligence and documentation, the obtaining of necessary operating permits and an obligation to hedge approximately 50% of initially planned gold production. Recruiting and pre-production activities have already commenced at site in anticipation of an imminent start to development and construction activities. The Toka Tindung Gold Project has a resource of 1.75M ozs of gold equivalent, of which at least 0.9M ozs will initially be mineable by open pit. The project has an initial mine life of 6 years. 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 Cam Thuy/Ba Thuoc joint venture with Vimico a Vietnamese Government mining company) and the Philippines (as option holders over a 100% interest in the Corplex tenements). www.mining-investor.com/arch This information is provided by RNS The company news service from the London Stock Exchange END MSCGUUQAAUPAGQR
1 Year Archipelago Resources Chart |
1 Month Archipelago Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions