Exercise of Share Options
01.07.2011 | Globenewswire Europe
1 July 2011African Eagle Resources plc
Exercise of Share Options
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:
African Eagle Resources plc
Bevan Metcalf - Finance Director
44 20 7248 6059
44 77 5640 6899
Canaccord Genuity Limited
Andrew Chubb
Bhavesh Patel
44 20 7050 6500
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.
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originality of the information contained therein.
Source: African Eagle Resources PLC via Thomson Reuters ONE
[HUG#1527891]
Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813