African Eagle Resources plc: Result of General Meeting, Placing and Voting Rights

30.09.2010  |  Globenewswire Europe

The Board of African Eagle Resources plc (“African Eagle“ or the “Company“) is pleased to announce that its Placing of 88 million Ordinary Shares (“Placing Shares“) at 3.75p per Ordinary Share to raise £3.3 million (before expenses) has been successfully completed, with all resolutions passed at the General Meeting held earlier today

Application has been made for admission of the Placing Shares to trade on AIM and AltX which is expected to take place on 1 October 2010.

Following the issue of the Placing Shares there will be 384,762,128 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, African Eagle under the FSA's Disclosure and Transparency Rules.



For further information:

Mark Parker
Managing Director
African Eagle
+44 20 7248 6059
+44 77 5640 6899

Nicola Marrin
Seymour Pierce Limited, London
Nominated Adviser
+ 44 20 7107 8000

David Banks
Seymour Pierce Limited, London
Corporate Broking
+ 44 20 7107 8000

Guy Wilkes
Ocean Equities Limited, London
Corporate Broking
+ 44 20 786 4370

Charmane Russell / Marion Brower
Russell & Associates, Johannesburg
+ 27 11 8803924
+27 82 8928052

Ed Portman / Leesa Peters
Conduit PR, London
+44 20 7429 6607
+44 77 3336 3501



[HUG#1447999]