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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Eagle | LSE:AFE | London | Ordinary Share | GB0003394813 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.275 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7203M African Eagle Resources PLC 24 June 2003 AFRICAN EAGLE RESOURCES PLC For release at 8 a.m. 25 June 2003 AIM ADMISSION AND FUND RAISING African Eagle Resources plc ("African Eagle" or "the Company") announces that the ordinary shares of the Company have today been admitted to trading on AIM. Concurrently, the Company has successfully raised #1.46 million before expenses by way of a placing of new ordinary shares valuing the Company on AIM admission at #3.5 million at the placing price of 6p per share. The net proceeds of the Placing will be used to progress the Company's minerals exploration programmes in eastern and southern Africa. African Eagle explores for gold and other mineral deposits in the eastern and southern African countries of Tanzania, Zambia and Mozambique. In Tanzania, African Eagle is in partnership with major gold producer Gold Fields Ltd and in Zambia with AngloVaal Mining (Avmin). The African Eagle Board and management have considerable experience in minerals exploration and mining. They contribute excellent knowledge of the region through direct involvement over many years, a high-tech approach to exploration and an up-to-date understanding of the geology and economics of mineral deposits. Members of the African Eagle team have track records of taking projects from grassroots exploration through evaluation and feasibility, then into operation or joint venture with major mining companies. Nabarro Wells & Co. Limited is the Company's Nominated Adviser, Durlacher Ltd. the Broker and VSA Resources the Placing Agent. The AIM admission document is available from the Company's registered office or from its advisers (listed below) and may be downloaded from its website: www.africaneagle.co.uk. 25th June 2003 For further information please contact: African Eagle Resources Mark Parker - Managing Director 01590 679 420 Durlacher Ltd Matthew Robinson 020 7459 3600 Nabarro Wells & Co. Limited John Robertson 020 7710 7400 4C Communications Ltd Carina Corbett 020 7907 4761 This information is provided by RNS The company news service from the London Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange END MSCPUUBAQUPWGAC
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