African Eagle Resources Regulatory News (AFE)

20 Apr 2007 11:54

African Eagle Resources PLC20 April 2007 African Eagle Resources plc ("African Eagle" or "the Company") SIGNIFICANT SHAREHOLDINGS AND DIRECTOR'S SHAREHOLDING In accordance with Chapter 5 of the Financial Services Authority's Disclosureand Transparency Rules, the Company was informed on 6 February 2007 that J Park,a Director of the Company, is interested in 5,626,801 ordinary shares in thecapital of the Company, representing approximately 3.65 per cent of theCompany's issued voting share capital. The Company was also advised on 16 February that JP Morgan Asset Management (UK)Ltd is interested in 14,427,361 ordinary shares in the capital of the Company,representing approximately 9.37 per cent of the Company's issued voting sharecapital. The Company was further notified on 20 March 2003 that RAB Special Situations(Master) Fund Ltd is interested in 38,522,778 ordinary shares in the capital ofthe Company, representing approximately 25.01 per cent of the Company's issuedvoting share capital. The Company also confirms that Phelps Dodge Mining Zambia Limited confirmed on26 February that it had received the 5,908,754 shares for which it hadsubscribed, representing approximately 3.84 per cent of the Company's issuedvoting share capital. For further information, see the Company's web site www.africaneagle.co.uk orcontact one of the following: Mark Parker Nicola MarrinManaging Director Seymour Pierce+44 20 7248 6059/ +44 77 5640 6899 +44 020 7107 8000 About African Eagle African Eagle is a mineral exploration and development company operating ineastern and central Africa. The Company's principal advanced projects are theMkushi Copper Mines project in Zambia and the Miyabi gold project in Tanzania,which are being fast-tracking towards production. The Company also holds a largewell-balanced portfolio of promising earlier stage gold and base metal projects,including the Ndola copper project and the Eagle Eye iron-oxide copper goldproject. African Eagle's projects are in Zambia, Tanzania and Mozambique, countries whichall have highly prospective geology, relatively low above-ground risks and trackrecords of successful major investments in the metals and minerals industries. African Eagle specialises in project generation and exploration. To take itsdiscoveries into production, it seeks to sign up industry partners with recordsof successful mine development. These joint ventures and, in time, the revenuefrom advanced projects, will finance future exploration and new discoveries. The Company has a highly motivated team, proven management and an experiencedboard. African Eagle prides itself on being a low cost operator and on average80p or more of every £1 is spent "in the ground". This information is provided by RNS The company news service from the London Stock Exchange