AFRICAN EAGLE RESOURCES PLC - Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited

Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited

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)
(“African Eagle” or the “Company”)


Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited



African Eagle wishes to provide an update to the announcements made on the 20 November 2014
and on 1 December 2014 in relation to the proposed acquisition of Lime-Chem Resources
(Proprietary) Limited.

Subsequent to the previous announcements and during the process of progressing the transaction
the Company has identified aspects of the transaction that have necessitated changes to the
previously announced terms. Those changes are currently still under discussion with the vendors and
as a consequence there can be no guarantee that the previously announced timetable will be adhered
to or that the transaction will complete.

The Board intends to update shareholders of progress in relation to the proposed acquisition of Lime-
Chem Resources (Proprietary) Limited via the website (www.africaneagle.co.uk) and the SENS
system of the JSE Limited.




Enquiries:

African Eagle Resources plc                             Tel: +44 (0) 207 002 5361
Robert McLearon, Finance Director

Beaumont Cornish Limited (Nominated Adviser)            Tel: +44 (0) 207 628 3396
Roland Cornish / Emily Staples

Pareto Securities Limited (Joint Broker)                Tel: +44 (0) 207 786 4370
Guy Wilkes

Loeb Aron & Company Limited (Joint Broker)              Tel: +44 (0) 207 628 1128
John Beresford-Peirse / Anthony Kluk

11 February 2015

JSE Sponsor
Merchantec Capital

Date: 11/02/2015 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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