Exercise of Options
14 August 2009 - 7:08PM
UK Regulatory
TIDMAR.
RNS Number : 4564X
Archipelago Resources PLC
14 August 2009
ARCHIPELAGO RESOURCES PLC
EXERCISE OF OPTIONS
Archipelago Resources Plc ("Archipelago" or "the Company") is pleased to
announce that further to the announcement made on 10th August 2009, the
85,000,000 share options purchased by the prominent Indonesian company PT
Rajawali Corpora ("Rajawali"), have now been exercised at the price of 12 pence
per share.
Following exercise of the Options the Company will have 391,019,334 shares in
issue of which Rajawali will hold 117,305,800 representing 30% of the issued
capital of the Company.
The Company has applied for the 85,000,000 shares to be admitted to trading on
AIM and admission is expected on 20th August 2009.
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, Lothbury Financial
Tel: 020-7011-9411
Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP
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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