| Thu 24 Jul 2008, 17:50 | | AEA - African Eagle Resources Plc - Directors Dealings |
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AEA
AEA
AEA - African Eagle Resources Plc - Directors Dealings
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
DIRECTORS DEALINGS
African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker
AIM: AFE, AltX: AEA) has been notified that the following Directors have
purchased ordinary shares in the Company: Mr Euan Worthington, Deputy Chairman,
notified the Company on 23 July that he had purchased 450,000 ordinary shares at
an average price of 5.16 pence per share; Mr Geoffrey Cooper, Non-Executive
Director, notified the Company on 22 July that he had purchased 120,000 ordinary
shares at a price of 5.15 pence per share; and Mr Bevan Metcalf, Finance
Director, notified the Company today that he had purchased 60,000 ordinary
shares in the Company at a price of 5.23 pence per share.
Accordingly the beneficial interest of these Directors in the share capital of
the Company is as follows: Mr Worthington holds 810,000 ordinary shares
representing approximately 0.38 per cent. of the issued share capital; Mr Cooper
holds 789,300 ordinary shares representing approximately 0.37 per cent. of the
issued share capital; and Mr Metcalf holds 70,000 ordinary shares representing
approximately 0.03 per cent. of the issued share capital.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
24 July 2008
For further information, see the Company`s web site www.africaneagle.co.uk or
contact one of the following:
Mark Parker
Managing Director
+44 20 7248 6059
+44 77 5640 6899
Nicola Marrin
Seymour Pierce Limited
Nominated Adviser
+44 20 7107 8000
Russell & Associates, Johannesburg
Charmane Russell
+27 11 880 3924
+27 82 892 8052
Conduit PR
Ed Portman / Leesa Peters
+44 20 7429 6607
+44 (0) 7733 363 501
About African Eagle
African Eagle is a diversified 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, for which a Feasibility
Study will be completed in Q4 2008, and the Miyabi gold project in Tanzania, at
which the Company has defined an estimated half-million ounce gold resource. The
Company also holds a large well-balanced portfolio of promising earlier stage
gold and base metal projects, including the Ndola and Mokambo copper projects.
Zambia, Tanzania and Mozambique, the sites of African Eagle`s projects, are all
countries which have highly prospective geology, relatively low aboveground
risks and track records of successful major investments in the metals and
minerals industries.
African Eagle specialises in project generation and exploration. 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.
Date: 24/07/2008 17:50:02 Produced by the JSE SENS Department.
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