RNS Number:7637P
Archipelago Resources PLC
15 September 2003



Archipelago Resources PLC (the "Company")

Issue of Equity

The Company has issued 1,250,000 ordinary shares of 1p each pursuant to the
conversion by Retford Resources NL of #250,000 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 16 September 2003.








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