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AEA
AEA
AEA - African Eagle Resources plc - Exercise of share options
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)
EXERCISE OF SHARE OPTIONS
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) has received notice that employees have exercised share options over
a total of 239,000 shares as part of an employee share option scheme.
Pursuant to the exercise of these options, the Company has made application for
239,000 new shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will take place and trading will become effective at
8:00am on 7 July 2011.
Sponsor
Merchantec Capital
1 July 2011
For further information, see the Company`s website www.africaneagle.co.uk or
contact one of the following:
Bevan Metcalf - Finance Director
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 is
now working towards a pre-feasibility study at Dutwa which is scheduled for
completion by the end of Q3, 2011. In addition the Company is also evaluating a
second promising nickel oxide at Zanzui, which is located 60 km from Dutwa.
Aside from its nickel projects, the most valuable asset is the copper portfolio
in Zambia which the Company plans to IPO later this year.
Date: 01/07/2011 16:04:00 Produced by the JSE SENS Department.
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