| Thu 5 May 2011, 8:00 | | AEA - African Eagle Resources plc - Director Appointment |
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AEA
AEA
AEA - African Eagle Resources plc - Director Appointment
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
DIRECTOR APPOINTMENT
African Eagle Resources plc ("African Eagle" or "the Company"; AIM: AFE; AltX
AEA) is pleased to announce the appointment of Julian Alexander McIntyre as a
Non-executive director with immediate effect.
Mr McIntyre (aged 36) is a successful entrepreneur and investor. He was a
founder and controlling shareholder of Gateway Communications Group
("Gateway"), a pan African telecommunications business that established
infrastructure in over 40 African countries.
Mr McIntyre is also founder and a principal of MWB Capital, a private
investment company which currently holds 10.04% of the issued share capital of
the Company.
In accordance with Schedule 2(g) of the AIM Rules, Mr McIntyre has held the
following directorships and partnerships in the past 5 years:
Ambrian Capital Plc, Hendricks Resources Ltd, Gateway Telecommunications Plc,
Gateway Communications (UK) Ltd, Gateway Communications Africa (UK) Ltd,
Gateway Telecommunications Finance Plc, Gateway Communications SA, GS Telecom
Ltd, Gateway Telecoms Integrated Services Ltd, Spar Aerospace (Nigeria) Ltd,
GS Telecom Africa Ltd, GS Telecom Angola Ltd, GS Telecom (Ghana) Ltd, Gateway
Communications Mozambique Ltd, Gateway Communications Tanzania Ltd, Gateway
Communications (PTY) Ltd, GS Telecom (PTY) Ltd, Gateway Broadcast Services
Ltd, The African Christian Network Ltd, GTV (Zambia) Ltd, Gateway
Telecommunications SA (PTY) Ltd, GTV (Tanzania) Ltd, GTV (Uganda) SARL, GTV
(Mozambique) Ltd, GTV (Cameroon) SARL, GTV (Kenya) Ltd, GTV (Botswana) (PTY)
Ltd, Gateway Broadcast Services (Ghana) Ltd, Gateway Broadcast (Mauritius)
Ltd, Gateway Broadcast Services Namibia (PTY) Ltd, GTV (RDC) SARL, Right to
Play UK Ltd, Digicom Networks (UK) Ltd, Global Wireless Applications (UK)
Limited.
Gateway Broadcast Services Ltd ("GBS"), and its parent company, Gateway
Broadcast (Mauritius) Ltd ("GBM"), of which Mr McIntyre was a director, were
put into administration on
26 January 2009, and following a board resolution a liquidator was appointed
on 12 February 2009. The primary operating company, GBS had unsecured
creditors of GBP196,376,410, of which GBP159,790,128 were intercompany
creditors, primarily loans from the ultimate parent company Gateway
Telecommunications SA (PTY) Ltd. Recovery to creditors was 4.546p in the
pound.
Sponsor
Merchantec Capital
5 May 2011
For further information:
Please see the Company`s web site www.africaneagle.co.uk or contact one of the
following:
Bevan Metcalf - Finance Director /
Euan Worthington - Chairman
African Eagle Resources plc
+44 20 7248 6059
+44 77 5640 6899
Andrew Chubb/Bhavesh Patel
Canaccord Genuity Limited
+44 20 7050 6500
Guy Wilkes
Ocean Equities Limited
+44 20 7786 4370
Charmane Russell/Marion Brower
Russell & Associates, Johannesburg
+ 27 11 8803924
+ 27 82 8928052
About African Eagle
Since discovering a major nickel oxide deposit at Dutwa in Tanzania, African
Eagle is in transition from an explorer into a nickel producer. The Company
completed a positive scoping study on the Dutwa deposit in July 2009 and is
now working towards a feasibility study.
In addition to Dutwa, African Eagle is also evaluating a second promising
nickel oxide at Zanzui, which is located 60 km from Dutwa. The Company holds a
49% interest in the Mkushi Copper Mines joint venture in Zambia, for which a
draft feasibility study was completed in Q4 2008. It also holds a half million
ounce gold resource at the Miyabi project in Tanzania, and a portfolio of gold
and base metal exploration assets, including two projects in the Zambian
Copperbelt.
Date: 05/05/2011 08:00:06 Produced by the JSE SENS Department.
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