Archipelago Resources PLC Corporate Matters - New Finance Facility in Place (6861I)
July 05 2013 - 1:00AM
UK Regulatory
TIDMAR.
RNS Number : 6861I
Archipelago Resources PLC
05 July 2013
5 July 2013
AIM: AR.
Archipelago Resources plc
("Archipelago" or "the Company")
Corporate Matters
Further to the announcement of 28 May 2013, Archipelago is
pleased to confirm that the Company's new finance facility with
Standard Chartered Bank and PT Bank Permata TBK is now in place and
financial close has occurred under the facility.
In addition, as referred to in Archipelago's releases of 11
March and 30 May 2013, the Company's share premium account
reduction has now been finalised, which process was undertaken to
enable payment of the previously announced proposed inaugural
dividends.
Prior to finalising the proposed inaugural dividend payments,
Archipelago will complete and publish its interim financial
statements for the six month period ended 30 June 2013. The interim
statements are expected to be released in late July 2013. The
Company intends to provide further information on dividend record
and payment dates at that time.
FURTHER INFORMATION
Archipelago Resources
plc
President - Corporate
Strategy +65 6535 +44 20 7523
Matthew Salthouse 3419 8000
--------------------------- -------------- ------------------- ------------
Canaccord Genuity
Limited
Joint Broker
Andrew Chubb
Christopher
Fincken
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Grant Thornton UK
LLP
NOMAD
Philip Secrett +44 20 7383
David Hignell 5100
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Liberum Capital
Limited
Buchanan Joint Broker
Corporate Communication Michael Rawlinson
Bobby Morse +44 20 7466 Christopher +44 20 3100
Gordon Poole 5000 Kololian 2000
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ABOUT ARCHIPELAGO
Archipelago is a producing mining company listed on the AIM
market of the London Stock Exchange. Archipelago's vision is to
grow into a respected and regionally dominant mid-cap gold
producer, managing a
portfolio of gold mines and delivering significant value and
returns for our shareholders. Archipelago's principal activities
are gold mining and exploration in Indonesia (as the 95% owner of
the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia).
In 2013, Archipelago expects to produce between 140,000 and 155,000
Au Eq oz at a cash cost of between US$620 and US$680 per ounce (net
of silver credits).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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