Archipelago's finance facility in place
Saturday, July 6 2013 - 02:49 AM WIB
By Ruli Setiawan
LSX-listed Archipelago Resources plc confirmed 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.
The company said in the statement on Friday that its share premium account reduction has now been finalized, which process was undertaken to enable payment of the previously announced proposed inaugural dividends.
Prior to finalizing 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.
Editing by Adianto P. Simamora