African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; AltX: AEA) has received notice that employees have exercised share options over a total of 239,000 shares as part of an employee share option scheme.
Pursuant to the exercise of these options, the Company has made application for 239,000 new shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place and trading will become effective at 8:00am on 7 July 2011.
For further information, see the Company's website www.africaneagle.co.uk or contact one of the following:
For further information about the Company, see the Company's web site www.africaneagle.co.uk or contact one of the following:
Ocean Equities Limited Guy Wilkes +44 20 7786 4370
Russell & Associates, Johannesburg Charmane Russell Marion Brower +27 11 8803924 +27 82 8928052
About African Eagle
Since discovering a major nickel oxide deposit at Dutwa in Tanzania, African Eagle is in transition from an explorer into a nickel producer. The Company is now working towards a pre-feasibility study at Dutwa which is scheduled for completion by the end of Q3, 2011. In addition the Company is also evaluating a second promising nickel oxide at Zanzui, which is located 60 km from Dutwa.
Aside from its nickel projects, the most valuable asset is the copper portfolio in Zambia which the Company plans to IPO later this year.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: African Eagle Resources PLC via Thomson Reuters ONE
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1 July 2011
