| Tue 27 Nov 2007, 8:34 | | AEA - African Eagle Resources plc - Significant sh |
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AEA
AEA
AEA - African Eagle Resources plc - Significant shareholding
African Eagle Resources plc
(Incorporated in England and Wales, registered number 3912362)
AIM share code: AFE AIM ISIN: GB0003394813
JSE share code: AEA JSE ISIN: GB0003394813
SIGNIFICANT SHAREHOLDING
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE,
AltX: AEA) was notified today that RAB Special Situations (Master) Fund Ltd (the
"Fund") holds an interest in 36,700,000 ordinary shares in the capital of the
Company, representing approximately 17.63 per cent of the issued voting share
capital. The Fund has a direct holding in the Company of 36,300,000 ordinary
shares representing approximately 17.44 per cent of the issued voting share
capital and an indirect holding of 400,000 ordinary shares representing
approximately 0.19 per cent of the issued voting share capital of the Company.
RAB Capital Plc is a related party to the Fund.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
26 November 2007
For further information, see the Company`s web site www.africaneagle.co.uk or
contact one of the following:
African Eagle
Bevan Metcalf
+44 20 7248 6059
Seymour Pierce
Nicola Marrin
+44 20 7107 8000
About African Eagle
African Eagle is a mineral exploration and development company operating in
eastern and central Africa. The Company`s principal advanced projects are the
Mkushi Copper Mines project in Zambia and the Miyabi gold project in Tanzania,
which are being prioritised towards production. The Company also holds a large
well-balanced portfolio of promising earlier stage gold and base metal projects,
including the Ndola copper project and the Eagle Eye iron-oxide copper gold
project.
African Eagle`s projects are in Zambia, Tanzania and Mozambique, countries which
all have highly prospective geology, relatively low above-ground risks and track
records of successful major investments in the metals and minerals industries.
African Eagle specialises in project generation and exploration and has a highly
motivated team, proven management and an experienced board. To take its
discoveries into production, it seeks to sign up industry partners with records
of successful mine development. These joint ventures and, in time, the revenue
from advanced projects, will finance future exploration and new discoveries.
Sponsor
Nedbank Capital
Date: 27/11/2007 08:34:41 Produced by the JSE SENS Department.
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