African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April 30, 2012 that, as a result of the Company's recent placing, Allard Services Ltd now holds a total of 78,530,761 ordinary shares in the Company which represents approximately 11.32% of the total voting rights of the Company. †Prior to the placing, Allard held 46,030,761 ordinary shares.
The above notification was made by Allard pursuant to the FSA's Disclosure and Transparency Rules.
About African Eagle African Eagle Resources plc is a junior mining explorer and developer with development projects in Tanzania and Zambia.† The Company's flagship project is the Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 110km east of Mwanza within greenstone gold belts which host many of Tanzania's operating and developing gold mines.† The Company is quoted on the AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the Johannesburg Stock Exchange (AltX: AEA).
For further information:
Please visit the Company's website: www.africaneagle.co.uk or contact:
Canaccord Genuity Limited Rob Collins Andrew Chubb + 44 207 523 8000
Ocean Equities Limited Guy Wilkes +44 20 7786 4370
Russell & Associates, Johannesburg Charmane Russell Marion Brower +27 11 8803924
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Source: African Eagle Resources PLC via Thomson Reuters ONE [HUG#1607773]
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