African Eagle Resources is pleased to announce that further to its announcements of 9 November 2011 and 4 January 2012, the Company has closed the subscription agreement and issued and allotted 45,509,570 ordinary shares of 1p each in the capital of the Company to IFC, a member of the World Bank Group, at a placing price of 6.8 pence per share
to raise £3.1 million (approximately US$5 million). Funds will
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