December 27, 2007 Archipelago Resources announced that Asia Image Ltd, Hong Kong has agreed to subscribe for 9.81 million ordinary shares at an issue price of 23.5 pence per share to raise £2.3 million. Proceeds will be used for general working capital purposes.
September 24, 2007 Archipelago Resources raised £5.5 million through the placement of 22 million ordinary shares at an issue price of 25 pence per share. US$2 million of the funds raised will be used to reduce the US$10 million Rand Merchant Bank loan facility put in place in March of this year; the remainder of the proceeds will be used for general working capital purposes.
September 4, 2007 Announced that an Exploration Licence have been granted by the Ministry of Natural Resources and Environment.