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African Eagle Resources PLC

Published : May 05th, 2011

(UK) - Appointment of Non-executive Director

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Appointment of Non-executive Director

 

 

AFRICAN EAGLE RESOURCES plc

DIRECTOR APPOINTMENT

African Eagle Resources plc ("African Eagle" or "the Company"; AIM: AFE; AltX AEA) is pleased to announce the appointment of Julian Alexander McIntyre as a Non-executive director, with immediate effect.

Mr McIntyre (aged 36) is a successful entrepreneur and investor. He was a founder and controlling shareholder of Gateway Communications Group ("Gateway"), a pan African telecommunications business that established infrastructure in over 40 African countries. Mr McIntyre is also founder and a principal of MWB Capital, a private investment company which currently holds 10.04% of the issued share capital of the Company.

In accordance with Schedule 2(g) of the AIM Rules, Mr McIntyre has held the following directorships and partnerships in the past 5 years:

Ambrian Capital Plc, Hendricks Resources Ltd, Gateway Telecommunications Plc, Gateway Communications (UK) Ltd, Gateway Communications Africa (UK) Ltd, Gateway Telecommunications Finance Plc, Gateway Communications SA, GS Telecom Ltd, Gateway Telecoms Integrated Services Ltd, Spar Aerospace (Nigeria) Ltd, GS Telecom Africa Ltd, GS Telecom Angola Ltd, GS Telecom (Ghana) Ltd, Gateway Communications Mozambique Ltd, Gateway Communications Tanzania Ltd, Gateway Communications (PTY) Ltd, GS Telecom (PTY) Ltd, Gateway Broadcast Services Ltd, The African Christian Network Ltd, GTV (Zambia) Ltd, Gateway Telecommunications SA (PTY) Ltd, GTV (Tanzania) Ltd, GTV (Uganda) SARL, GTV (Mozambique) Ltd, GTV (Cameroon) SARL, GTV (Kenya) Ltd, GTV (Botswana) (PTY) Ltd, Gateway Broadcast Services (Ghana) Ltd, Gateway Broadcast (Mauritius) Ltd, Gateway Broadcast Services Namibia (PTY) Ltd, GTV (RDC) SARL, Right to Play UK Ltd, Digicom Networks (UK) Ltd, Global Wireless Applications (UK) Limited.

Gateway Broadcast Services Ltd ("GBS"), and its parent company, Gateway Broadcast (Mauritius) Ltd ("GBM"), of which Mr McIntyre was a director, were put into administration on 26 January 2009, and following a board resolution a liquidator was appointed on 12 February 2009. The primary operating company, GBS had unsecured creditors of �196,376,410, of which �159,790,128 were intercompany creditors, primarily loans from the ultimate parent company Gateway Telecommunications SA (PTY) Ltd. Recovery to creditors was 4.546p in the pound.

 

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

Bevan Metcalf - Finance Director /
Euan Worthington - Chairman
African Eagle Resources plc, London

+44 20 7248 6059
+44 7753 862 097

Andrew Chubb / Bhavesh Patel
Canaccord Genuity Limited

+44 20 7050 6500

Guy Wilkes
Ocean Equities Limited, London

+ 44 20 7786 4370

Charmane Russell / Marion Brower
Russell & Associates, Johannesburg

+27 11 8803924
+27 82 8928052

 

About African Eagle

Since discovering a major nickel oxide deposit at Dutwa in Tanzania, African Eagle is in transition from an explorer into a nickel producer. The Company completed a positive scoping study on the Dutwa deposit in July 2009 and is now working towards a feasibility study.

In addition to Dutwa, African Eagle is also evaluating a second promising nickel oxide at Zanzui, which is located 60 km from Dutwa. The Company holds a 49% interest in the Mkushi Copper Mines joint venture in Zambia, for which a draft feasibility study was completed in Q4 2008. It also holds a half million ounce gold resource at the Miyabi project in Tanzania, and a portfolio of gold and base metal exploration assets, including two projects in the Zambian Copperbelt.

 

 

Data and Statistics for these countries : Angola | Botswana | Cameroon | Ghana | Kenya | Mozambique | Namibia | Nigeria | Tanzania | Uganda | Zambia | All
Gold and Silver Prices for these countries : Angola | Botswana | Cameroon | Ghana | Kenya | Mozambique | Namibia | Nigeria | Tanzania | Uganda | Zambia | All

African Eagle Resources PLC

DEVELOPMENT STAGE
CODE : AFE.L
ISIN : GB0003394813
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African Eagle is a nickel and gold development stage company based in United kingdom.

African Eagle develops nickel, gold and copper in Tanzania and in Zambia.

Its main assets in development are FAIDA - MIYABI PROJECT and KILIMANI - MIYABI PROJECT in Tanzania and MKUSHI PROJECT in Zambia and its main exploration properties are MAJELE, SENA and KING SOLOMON in Mozambique, NDOLA, SASARE EAGLE EYE, MOKAMBO, LUNGA and MKUSHI in Zambia and ZANZUI, IGURUBI, DUTWA and MIYABI in Tanzania.

African Eagle is listed in Germany and in United Kingdom. Its market capitalisation is GBX 243.9 millions as of today (US$ 409.4 millions, € 306.2 millions).

Its stock quote reached its highest recent level on July 08, 2011 at GBX 9.98, and its lowest recent point on July 05, 2013 at GBX 0.10.

African Eagle has 871 160 000 shares outstanding.

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Nominations of African Eagle Resources PLC
9/15/2011(UK) - Appointment of new CEO
5/5/2011(UK) - Appointment of Non-executive Director
3/9/2010(Dutwa)Appoints project manager at Dutwa
10/15/2009Appointment of New Chairman
Project news of African Eagle Resources PLC
9/20/2011(Miyabi)(UK) - Miyabi drilling update
3/14/2011(Dutwa) Dutwa economic model update
3/1/2011(Dutwa)- Dutwa whittle optimisation report.
6/10/2010(Dutwa) Dutwa Nickel Project - Drilling Results
4/7/2010(Igurubi)Vends interest in Igurubi gold project to Peak Resources
3/17/2010(Dutwa)Drilling results from Ngasamo Hill
1/21/2010(Dutwa)Continues to Yield Positive Results
11/30/2009(Dutwa)Further Drilling Results
12/1/2009(Dutwa)Update on Metallurgical Tests
2/22/2010(Dutwa)Drill Results from Ngasamo Hill
10/20/2009(Dutwa)Dutwa Progress Summary
8/3/2009(Zanzui)Zanzui Nickel Leach Tests
7/29/2009(Dutwa)Dutwa Nickel Project Scoping Study
2/14/2009(Dutwa)Nickel Leach testwork results.
11/26/2008(Zanzui)Zanzui Nickel Project First Drill results
12/2/2008(Mokambo)Mokambo Copper Project
11/27/2008(Dutwa)Dutwa (7) The Resource statement
11/11/2008(Dutwa)DRILL RESULTS RECEIVED
8/26/2008(Dutwa)Dutwa Nickel Discovery
7/31/2008(Miyabi)Miyabi Project update
Corporate news of African Eagle Resources PLC
9/26/2011(UK) - Investor Presentation, Press & Research Links & Updat...
8/4/2011(Dutwa)(UK) - Dutwa mineralogical results
6/27/2011(UK) - 'Riches beyond gold' - The Sunday Telegraph
6/21/2011(UK) - Mid-year progress report
4/21/2011(UK) - Preliminary results
5/20/2010Communication with Shareholders & Notice of AGM
4/30/2010PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2009
9/25/2009Interim Report & Accounts
8/7/2009Open Offer Financing Oversubscribed
7/21/2009Open Offer to Shareholders
5/14/2009Igurubi Gold Resource and Dutwa Nickel Project Report
1/9/2009Strategic plan
9/25/2008Interim results
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