9th Apr 2014 17:18
LONDON (Alliance News) - African Eagle Resources PLC Wednesday said Julian McIntyre has sold his entire 21.15% stake in the company to Nick Clarke's Salkeld Investments Ltd, and is also set to resign alongside fellow non-executive Directors Venkat Siva, Mark Thompson and Paul Colucci.
African Eagle shares Wednesday closed at 0.4 pence, up 110.5%, more than doubling, making it the top riser on the AIM All-Share Index.
McIntyre's shares were held by Allard Services Ltd, his family trust company.
Thompson sold a 2.01% stake, while the sale of Colucci's 1.64% stake, although initially expected to complete Wednesday, did not complete. In a later statement, African Eagle said the sale will complete as soon as practicable. Neither director will own any shares in the company after the disposals.
Those shares were also bought by Salkeld Investments Ltd, which is owned by Nick Clarke, who purchased substantially all of the African Eagle subsidiaries,' assets and liabilities in August 2013. He now owns a 26.18% stake in the company, after buying the shares for 0.225 pence each.
African Eagle Resources has proposed the appointment of Clarke and Kola Karim to the board.
McIntyre, Siva, Thompson and Colucci are set to remain in their positions until Clarke and Karim are appointed.
Clarke went to the Camborne School of Mines graduating with a BSc in mining and is an entrepreneur having founded and sold two trading house businesses, according to African Eagle.
Since 2010, Clarke has been a private investor in a number of resource companies, including African Eagle Resources, the company said.
Kola Karim is managing director and chief executive of Shoreline Energy International, an energy and infrastructure company focused on Africa.
By Samuel Agini; [email protected]; @samuelagini
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