Issue of Equity
March 03 2010 - 10:02AM
UK Regulatory
TIDMAR.
RNS Number : 0348I
Archipelago Resources PLC
03 March 2010
ANNOUNCEMENT
ARCHIPELAGO RESOURCES PLC
ISSUE OF EQUITY
Further to the announcement on 26 February 2010 in respect of a placing to
institutional investors to raise GBP30 million for development of the Toka
Tindung Gold Project, Archipelago Resources Plc ("Archipelago" or "the Company")
advises that to date funds have been received from placees in respect of
57,742,527 placing shares, which will be admitted to trading on AIM with effect
from 8am on Thursday 4 March 2010.
The remaining 44,257,473 placing shares will be admitted to trading once funds
have been received and further announcements will be made as appropriate.
Following the issue of the 57,742,527 placing shares noted above, the Company
will have 448,761,861 ordinary shares in issue, all of which carry one voting
right. The Company holds no shares in treasury.
Further Info: Colin Loosemore, Managing Director, Archipelago Resources
Plc.
Tel: 00-618-9364-8301
Shaun Whyte / Richard Swindells, Ambrian
Partners Ltd
Tel: 020-7634-4700
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
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