African Eagle Resources Regulatory News (AFE)

20 Apr 2006 17:26

African Eagle Resources PLC20 April 2006 AFRICAN EAGLE RESOURCES plc EXERCISE OF WARRANTS IN COMPANY African Eagle Resources plc (the "Company", Ticker: AFE) announces that theholders of 871,794 warrants have exercised at a price of 6p per share. Following this exercise, the total number of shares in issue is 119,619,117. TheCompany has made application for the new shares to be admitted to trading on AIMand dealings are expected to commence on 26 April 2006. Bevan Metcalf Company SecretaryAfrican Eagle Resources plc 20 April 2006 For further information Tel Mobile Mark Parker (MD) African Eagle 020 7248 6059 077 7980 1159 Bevan Metcalf African Eagle 020 7248 6059 078 0277 6226 Leesa Peters Conduit PR 020 7429 6600 078 1215 9885 About the Company African Eagle is a mineral resources company with its focus on eastern andcentral Africa. It operates in Zambia, Tanzania and Mozambique, countries withhighly prospective geology and low above-ground risks, which have all beendestinations for successful recent major investments in the metals and mineralsindustries. The Company has a highly motivated team, proven management and an experiencedboard. Its principal operations are the Miyabi gold project in Tanzania and theMkushi and Ndola copper projects in Zambia. It has discovered a large iron oxidecopper gold (IOCG) system at Eagle Eye in Zambia and holds a well-balancedportfolio of promising early stage projects. See our web site www.africaneagle.co.uk for information about the company andits projects. This information is provided by RNS The company news service from the London Stock Exchange