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AFRICAN EAGLE RESOURCES PLC - Completion of disposal of Zambian Copper Assets

Release Date: 03/12/2012 09:00
Code(s): AEA     PDF:  
Wrap Text
Completion of disposal of Zambian Copper Assets

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”)


COMPLETION OF DISPOSAL OF ZAMBIAN COPPER ASSETS


African Eagle is pleased to announce that all remaining documentation regarding the disposal of its
Zambian copper assets to Elephant Copper Ltd (“Elephant”) has been finalised. The transaction, as
announced on 27 July 2012, has now been completed and the Company has been allotted 15 million
shares in Elephant, in addition to a 2% Net Smelter Return on the Katanga Resources Ltd assets.


For further information, please visit www.africaneagle.co.uk or contact:

African Eagle Resources plc
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059

Canaccord Genuity Limited (NOMAD)
Rob Collins or Andrew Chubb
+ 44 20 7523 8000

Ocean Equities Limited (Joint Broker)
Guy Wilkes
+44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924

Sponsor
Merchantec Capital

3 December 2012


About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London
AIM (AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the
Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 110km east of
Mwanza within greenstone gold belts which host many of Tanzania's operating and developing gold
mines. The Company is currently conducting a Bankable Feasibility Study, which is due for
publication during 2013.

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