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AEA - African Eagle Resources Plc - Holding in Company

Release Date: 28/07/2009 12:00
Code(s): AEA
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.