- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
African Eagle Share News (AFE)
Share News for African Eagle (AFE)
| Share Price: 0.80 | Bid: 0.75 | Ask: 0.85 | Change: 0.15 (+23.08%) |  | ||||||
| ||||||||||
CORRECTION African Eagle raises 104.2 mln rands in IPO on South African exchange
Fri, 24th Aug 2007 10:54
(Corrects to 104.2 mln rands in intro)
LONDON (Thomson Financial) - African Eagle Resource
The mineral explorer and developer also said in a statement its exploration programme is now fully funded for the next two years and that it has enough capital to bring various projects to feasibility stage.
In a separate statement, the company said drilling at its Mkushi copper mines joint venture in Zambia has confirmed 'a significant potential resource with high grades of copper' over substantial widths in the L Zone, with new zones of mineralisation also defined.
African Eagle said it expects to complete the pre-feasibility study in third quarter.
The project is a joint venture with Australia's CGA Mining Ltd.
TFN.newsdesk@thomson.com
rda/wj/wj
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
(Corrects to 104.2 mln rands in intro)
LONDON (Thomson Financial) - African Eagle Resource
s PLC said it has placed 53.5 mln shares at 1.95 rand each to raise 104.2 mln rands in an initial public offering on the JSE's Alternative Exchange in South Africa.
The mineral explorer and developer also said in a statement its exploration programme is now fully funded for the next two years and that it has enough capital to bring various projects to feasibility stage.
In a separate statement, the company said drilling at its Mkushi copper mines joint venture in Zambia has confirmed 'a significant potential resource with high grades of copper' over substantial widths in the L Zone, with new zones of mineralisation also defined.
African Eagle said it expects to complete the pre-feasibility study in third quarter.
The project is a joint venture with Australia's CGA Mining Ltd.
TFN.newsdesk@thomson.com
rda/wj/wj
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
African Eagle sees Tanzania nickel production in 2016
ARUSHA, Tanzania, Oct 24 (Reuters) - African Eagle Resources Plc said on Wednesday it planned to start construction of a nickel mine in Tanzania[24 Oct '12]
BRIEF-African Eagle upgrades Dutwa resource
LONDON, Sept 21 (Reuters) - African Eagle Resources PLC: * dutwa project - wamangola deposit resource upgrade * raises the total estim[21 Sep '12]
BRIEF-African Eagle announces disposal of Zambian copper assets
LONDON, July 27 (Reuters) - African Eagle Resources PLC: * Executed agreement with elephant copper ltd for disposal of its remaining[27 Jul '12]
BRIEF-African Eagle JV parnter finds new zone of high grade gold
LONDON, June 13 (Reuters) - African Eagle Resources PLC: * Miyabi gold project - high grade drill results * JV partner Brightstar Reso[13 Jun '12]
BRIEF-African Eagle Res FD Andrew Robertson to leave group
LONDON, June 7 (Reuters) - African Eagle Resources PLC: * Andrew Robertson, Finance director, is leaving the company to pursue other[7 Jun '12]
BRIEF-African Eagle raises 9.5 mln stg from placing, open offer
LONDON, April 25 (Reuters) - African Eagle Resources PLC: * Placing and open offer raising gross proceeds of £9.5 million ((London Eq[25 Apr '12]
BRIEF-African Eagle Resources completes asset disposals to Syrah
LONDON, Feb 23 (Reuters) - African Eagle Resources PLC: * Completion of first stage of asset disposals to Syrah Resources, realising procee[23 Feb '12]
BRIEF-African Eagle gets World Bank financing for Tanzania nickel project
LONDON, Jan 4 (Reuters) - African Eagle Resources PLC: * IFC, a member of the World Bank Group, to subscribe for a 10 percent stake in comp[4 Jan '12]
