| Mon 2 Mar 2009, 15:00 | | 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
AFRICAN EAGLE RESOURCES plc
DIRECTOR DEALING
African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker
AIM: AFE, AltX: AEA) was notified on 26 February 2009, by Mr Christopher Davies,
Operations Director, that he had purchased on that day, 83,333 ordinary shares
at a price of 3.0 pence per share. Accordingly Mr Davies interest in the share
capital of the Company is now 794,230 ordinary shares representing approximately
0.37 per cent of the issued share capital of the Company.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
2 March 2009
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 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: 02/03/2009 15:00:02 Produced by the JSE SENS Department.
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