African Eagle Resources Regulatory News (AFE)

29 Mar 2005 14:29

African Eagle Resources PLC29 March 2005 African Eagle Resources plc DIRECTORS DEALINGS AND HOLDINGS IN COMPANY African Eagle ("the Company", ticker AFE) announces that Mr Mark Parker, aDirector, and his wife have today sold 358,000 shares at a price of 19p pershare. The proceeds of the sale are being used to exercise warrants to purchase1,125,000 shares at a price of 6p per share. The Company also announces that on 24 March 2005 Mr John Park, a Director, andhis wife exercised warrants to purchase 1,833,334 shares at a price of 6p pershare. In addition, exercises of warrants to purchase a further 726,667 shares at 6pper share and an exercise of options to purchase 15,000 shares at 8p per sharehave been received by the Company. On completion of these transactions the issued share capital of the Company willbe 103,179,961. Mr Park and his wife will hold 5,341,801 shares, equivalent to5.18% of the total issued and Mr Parker and his wife will hold 3,381,087 shares,equivalent to 3.28% of the total issued shares. Application will be made for the new shares to be admitted to trading on AIM. Bevan Metcalf Finance Director African Eagle Resources plc 29 March 2005 For further information Tel MobileJohn Park (Chairman) or African Eagle 020 7248 6059 077 7980 1159Mark Parker (MD) Leesa Peters or Laurence Conduit PR 020 7618 8708 07979 955 923Read Matthew Robinson Durlacher 020 7459 3600 This information is provided by RNS The company news service from the London Stock Exchange