Block Admission Application and Exercise of Share Options
11.07.2011 | Globenewswire Europe
11 July 2011African Eagle Resources plc
Block Admission Application and Exercise of Share Options
African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker
AIM: AFE, AltX: AEA) announces that an application has been made by the Company
to the AIM Market of the London Stock Exchange plc for the block admission of up
to 5,000,000 ordinary shares of 1p each which may be allotted and issued in due
course, should options granted to employees of the Company under the rules of
the Company's employee share option scheme be exercised.
Additionally, the Company has applied for the admission of 322,000 ordinary
shares of 1p each pursuant to exercise of employee options as part of an
employee share option scheme ("the Options").
Pursuant to the exercise of the Options, the Company has made application for
322,000 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 15 July 2011.
Following the exercise of the Options, the Company's total issued share capital
will be 409,715,128 ordinary shares.
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.
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
[HUG#1529743]
Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813