Shareholding update - MWB Limited
10.06.2011 | Globenewswire Europe
African Eagle Resources plcMWB Limited Shareholding
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) was notified on 9 June 2011, that on 31 May 2011, MWB Limited,
increased its shareholding in the Company to 45,480,761 ordinary shares which
represents approximately 11.12% of the total voting rights of the Company.
The above notification was made by MWB Limited pursuant to the FSA's Disclosure
and Transparency Rules.
Bevan Metcalf
Company Secretary
For further information about the Company, see the Company's web site
www.africaneagle.co.uk or contact one of the following:
Bevan Metcalf
Finance Director and Company Secretary
African Eagle Resources plc, London
44 20 7248 6059
Andrew Chubb / Bhavesh Patel
Canaccord Genuity Limited
44 20 7050 6500
Guy Wilkes
Ocean Equities Limited, London
44 20 7786 4370
Charmane Russell / Marion Brower
Russell & Associates, Johannesburg
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.
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Source: African Eagle Resources PLC via Thomson Reuters ONE
[HUG#1522741]
Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813