| Tue 28 Jul 2009, 12:00 | | AEA - African Eagle Resources Plc - Holding in Company |
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AEA
AEA
AEA - African Eagle Resources Plc - Holding in Company
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
Holding in Company
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE,
AltX: AEA) has been notified that Barclays PLC, through Barclays Stockbrokers
Ltd and Gerrard Investment Management Ltd, controls the exercise of the voting
rights attached to 6.96 per cent of the Company`s issued share capital.
Mark Parker
Managing Director
African Eagle Resources plc
28 July 2009
Sponsor
Nedbank Capital
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
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 Dutwa nickel laterite discovery in Tanzania, where the Company
completed a scoping study in June 2009, and the Mkushi Copper Mines project in
Zambia, for which a draft Feasibility Study was completed in Q4 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: 28/07/2009 12:00:03 Produced by the JSE SENS Department.
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