AFRICAN EAGLE RES : Holding(s) in Company
06/30/2009| 11:01am US/Eastern
AFRICAN EAGLE RESOURCES plc
Holding(s) in Company
African Eagle Resources plc ("African Eagle" or "the Company", ticker
AIM: AFE, AltX: AEA) was notified on 29 June 2009 that RAB Capital
Plc acting as discretionary manager of RAB Special Situations
(Master) Fund Limited no longer holds any ordinary shares in the
capital of the Company.
African Eagle Resources plc
30 June 2009
For further information, see the Company's web site
www.africaneagle.co.uk or contact one of the following:
+44 20 7248 6059
+44 77 5640 6899
Seymour Pierce Limited
+44 20 7107 8000
About African Eagle
African Eagle is a diversified mineral exploration and development
company operating in eastern and central Africa. The Company's
principal advanced projects are the Mkushi Copper Mines project in
Zambia, for which a Feasibility Study will be completed in Q4 2008,
and the Dutwa nickel laterite discovery in Tanzania, where the
Company has recently announced a resource.
African Eagle has also defined a gold resource estimated at half a
million ounces at the Miyabi gold project in Tanzania, and is
evaluating a second promising nickel laterite deposit which it
recently discovered in Tanzania. The Company holds a large
well-balanced portfolio of promising earlier stage gold and base
metal projects, including the Ndola and Mokambo copper projects in
Zambia, Tanzania and Mozambique, the sites of African Eagle's
projects, are all countries which have highly prospective geology,
relatively low above-ground risks and track records of successful
major investments in the metals and minerals industries.
African Eagle specialises in project generation and exploration. To
take its discoveries into production, it seeks to sign up industry
partners with records of successful mine development. These joint
ventures and, in time, the revenue from advanced projects, will
finance future exploration and new discoveries.
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