Issue of Equity
September 23 2003 - 6:38AM
UK Regulatory
RNS Number:0605Q
Archipelago Resources PLC
23 September 2003
Archipelago Resources PLC (the "Company")
Issue of Equity
The Company has issued 2,750,000 ordinary shares of 1p each pursuant to the
conversion of #550,000 convertible loan notes, at a conversion price of 20p.
Application has been made for the shares to be traded on AIM and admission is
expected on 29 September 2003.
Two directors were parties to the conversion and their resultant shareholdings
are as follows:
Director Existing number of Number of shares Revised share % of the issued
shares received on conversion holding post share capital of
conversion the Company*
Colin Loosemore 10,907,600 500,000 11,407,600 24.6%
Michael Arnett 10,600,100 288,125 10,888,225 23.5%
* based on 46,292,200 shares in issue
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEFXLFLXKBXBBQ