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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 |
TIDMAFE 17 June 2014 African Eagle Resources plc ("African Eagle" or the "Company") Facility Agreement African Eagle (AIM: AFE; AltX: AEA) announces that it has today entered into an unsecured loan facility ("Facility") of up to a total of GBP365,000 with CEO of the Company, Nick Clarke, and Chairman of the Company, Kola Karim ("Facility Agreement"). The terms of the Facility Agreement include that it is available for draw down until 30 November 2015, accrues interest at the rate of 5 per cent. per annum from day to day and is calculated for any period on the basis of the actual number of days elapsed and a 365 day year. The Facility and accrued interest is repayable on the earlier of 31 December 2015 or the completion of a successful fundraising that forecasts, at the time of such fundraising, that African Eagle shall have sufficient working capital to operate until 31 December 2015 after full repayment of all sums due under the Facility Agreement. The Facility will be used by African Eagle for general working capital purposes. The Facility Agreement is a related party transaction under the AIM Rules. Robert McLearon, being the only director not involved in the Facility Agreement as a related party, considers, having consulted with Beaumont Cornish Limited, the Company's nominated adviser, that the terms of the Facility Agreement are fair and reasonable insofar as the Company's shareholders are concerned. For further information please visit www.africaneagle.co.uk or contact the following: Enquiries: African Eagle Resources plc Tel: +44 (0) 20 7002 5361 Robert McLearon, Finance Director Beaumont Cornish Limited (Nominated Adviser) Tel: +44 (0) 207 628 3396 Roland Cornish Emily Staples Pareto Securities Limited (Broker) Tel: +44 (0) 20 7786 4370 Guy Wilkes About African Eagle African Eagle Resources plc is quoted on the AIM Market of the London Stock Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges. This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: African Eagle Resources PLC via Globenewswire HUG#1794471 http://www.africaneagle.co.uk/
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