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Director/PDMR Shareholding

8th Jul 2008 14:00

RNS Number : 5599Y
African Eagle Resources PLC
08 July 2008
 



AFRICAN EAGLE RESOURCES plc

DIRECTOR'S DEALING

African Eagle Resources plc ("African Eagle", "AFE" or "the Company", ticker AIM: AFE, AltX: AEA)has been notified today that Mr John Park, Chairman of the Company has today purchased 150,000 ordinary shares in the Company ("Ordinary Shares") at 6.4 pence per share. Accordingly Mr Park’s beneficial interest in the share capital of the Company is 5,876,801 Ordinary Shares representing approximately 2.77 per cent. of the issued share capital of the Company.

Bevan MetcalfCompany SecretaryAfrican Eagle Resources plc

8 July 2008

For further information, see the Company's web site www.africaneagle.co.uk or contact one of the following:

Mark Parker

Managing Director

+44 20 7248 6059

+44 77 5640 6899 

Nicola MarrinSeymour Pierce LimitedNominated Adviser+44 20 7107 8000

Russell & Associates, Johannesburg  Charmane Russell  +27 11 880 3924  +27 82 892 8052

 

Conduit PR  Ed Portman / Leesa Peters  +44 20 7429 6607  +44 (0) 7733 363 501

About African Eagle 

African Eagle is a diversified mineral exploration and development company operating in eastern and central Africa. The Company's principal advanced projects are the Mkushi Copper Mines project in Zambia, for which a Feasibility Study will be completed in Q4 2008, and the Miyabi gold project in Tanzania, at which the Company has defined an estimated half-million ounce gold resource. The Company also holds a large well-balanced portfolio of promising earlier stage gold and base metal projects, including the Ndola and Mokambo copper projects. 

Zambia, Tanzania and Mozambique, the sites of African Eagle's projects, are all countries which have highly prospective geology, relatively low aboveground risks and track records of successful major investments in the metals and minerals industries.

African Eagle specialises in project generation and exploration. To take its discoveries into production, it seeks to sign up industry partners with records of successful mine development. These joint ventures and, in time, the revenue from advanced projects, will finance future exploration and new discoveries. 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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