| Tue 20 Jan 2009, 14:00 | | AEA - African Eagle Resources Plc - Director Dealing |
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AEA
AEA
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
DIRECTOR DEALING
African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker
AIM: AFE, AltX: AEA) was notified on 19 January 2009 that the Park
Superannuation Fund, controlled by Mr John Park, a Director, has purchased
200,000 ordinary shares in the Company. On 15 January 2009 100,000 ordinary
shares were purchased at 1.5pence per share and on 19 January 2009 100,000
ordinary shares were purchased at 1.75pence per share. Accordingly Mr Park`s
beneficial interest in the share capital of the Company is now 6,276,801
ordinary shares representing approximately 2.95per cent of the issued share
capital of the Company.
Mark Parker
Managing Director
African Eagle Resources plc
20 January 2009
For further information:
Mark Parker
Managing Director
African Eagle
+44 20 7248 6059
+44 77 5640 6899
Nicola Marrin
Seymour Pierce Limited, London
Nominated Adviser
+ 44 20 7107 8000
Charmane Russell
Russell & Associates, Johannesburg
+ 27 11 8803924
+27 82 8928052
Ed Portman / Leesa Peters
Conduit PR, London
+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 draft
Feasibility Study was completed in Q4 2008, and the Dutwa nickel laterite
discovery in Tanzania, where the Company announced a significant resource at the
end of 2008.
African Eagle has also defined a gold resource estimated at half a million
ounces at the Miyabi gold project in Tanzania, and is evaluating a second
promising nickel laterite deposit which it recently discovered in Tanzania. The
Company holds a well-balanced portfolio of promising earlier stage gold and base
metal projects, including the Ndola and Mokambo projects in the Zambian
Copperbelt.
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: 20/01/2009 14:00:03 Produced by the JSE SENS Department.
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