17 July 2012: African Eagle Resources plc ("African Eagle" or the "Company") (AIM: AFE; AltX: AEA) is pleased to announce the appointment of Cutfield Freeman & Co Ltd. ("CF&Co") to act as Financial Advisor to the Company.
CF&Co is engaged to examine, develop and implement financing strategies for the development of the Dutwa project. The assignment will embrace strategic investor, equity and debt elements. CF&Co is a well renowned and respected independent financial advisory services consultancy with a wealth of experience in successfully executing transactions in the mining and metal processing industries.
Commenting on the announcement, African Eagle's CEO, Trevor Moss said "The appointment of CF&Co to work along with our newly appointed Finance Director, David Newbold, is a fundamental step to support the development of Dutwa. Since the early part of the year we have systematically progressed development through our efforts to de-risk the technical, engineering and social and environmental aspects of the project. The appointment of CF&Co extends this de-risk focus into the area of financing. African Eagle continues to diligently develop Dutwa with the highest quality resources available."
Russell & Associates, Johannesburg Charmane Russell or Marion Brower +27 11 880 3924
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Source: African Eagle Resources PLC via Thomson Reuters ONE [HUG#1627269]
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Appointment of Financial Advisor
