| Wed 1 Oct 2008, 16:00 | | AFE / AEA - African Eagle Resources Plc - Director Dealing |
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AEA
AEA
AFE / AEA - African Eagle Resources Plc - Director Dealing
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
AFRICAN EAGLE RESOURCES plc
DIRECTOR DEALING
African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker
AIM: AFE, AltX: AEA) has been notified that Mr Christopher Davies has purchased
369,230 ordinary shares at a price of 3.25 pence per share. Mr Davies holds
710,897 ordinary shares representing approximately 0.33 per cent of the issued
share capital of the Company.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
1 October 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 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.
African Eagle is also evaluating two promising nickel laterite deposits which it
recently discovered in Tanzania. The Company holds a large well-balanced
portfolio of promising earlier stage gold and base metal projects, including the
Ndola and Mokambo copper projects in Zambia.
Zambia, Tanzania and Mozambique, the sites of African Eagle`s projects, are all
countries which 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. 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: 01/10/2008 16:00:05 Produced by the JSE SENS Department.
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