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

Release Date: 01/12/2014 17:41
Code(s): AEA     PDF:  
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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 announcement made on
20 November 2014 in relation to the extension to the conditional agreement (“Agreement”)
for the proposed acquisition of Lime-Chem Resources Proprietary Limited.

Subsequent to the previous announcement, an extension has been agreed with all the
parties to the Agreement for the date by which the condition needs to be satisfied for
agreement to be reached on the disclosure letter, qualifying the warranties as provided for in
terms of the Agreement. The agreement is for an extension of this date from 28 November
2014 to 12 December 2014.

The Company does not currently anticipate that this extension will impact the timetable for
the fulfilment of the other conditions as set out in the announcement of 20 November 2014.

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


JSE Sponsor
Merchantec Capital

1 December 2014

About African Eagle
African Eagle Resources plc is quoted on the AIM Market of the London Stock Exchange
(symbol: AFE) and Johannesburg AltX stock exchange (symbol: AEA)

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