FINANCE DIRECTOR APPOINTMENT
African Eagle Resources plc
("African Eagle" or "the Company"; AIM: AFE; AltX: AEA) is pleased to report that it has appointed
Andrew Robertson as Finance Director and Company Secretary. Andrew will join
the Board of Directors with immediate effect and will become full-time Finance
Director and Company Secretary on 1 December.
Andrew has a wide range of operational experience at
senior finance levels in the mining, downstream chemicals, and engineering
sectors. He has extensive experience in fund raising and he will manage the
project financing for the Dutwa development.
Andrew has been CFO of Ecometals
Limited (gold exploration) since 2008, and is also CFO of White Tiger Gold
Limited, both listed on the Toronto Stock Exchange. He is also CFO for Maple
Minerals Corp a private company. Andrew has already resigned from the latter
two positions consequent on this appointment and will step down from the first
of these three positions shortly after taking up his new role at African Eagle.
Andrew commenced his career with Laporte
Plc as a mine controller, at that time mining and processing
ilmenite (titanium) and bentonite.
He then left to become Group controller at Laird PLC and subsequently was a
Group Finance Director with Jardines. Andrew
re-joined Laporte as Finance Director of their
organic chemicals business and managed the financing of some large construction
projects. He co-led a venture capital backed management buy-in of Bayer's
global mineral processing business, managing the fund raising
before an eventual disposal.
The Company's Chairman, Euan
Worthington commented, "The
Board is very pleased to have secured the services of such an experienced FD as
Andrew to work alongside our newly appointed CEO Trevor Moss. We have full
confidence that together, they have the skills to successfully bring the Dutwa Nickel Project into production. At the same time,
Bevan Metcalf, our existing FD, will be leaving the Company to take up a new
role and I would like to thank him for his financial guidance over the past
seven years. The Board wishes him well in his new role."
Andrew John Stuart Robertson is a UK Chartered
Accountant aged 60 with a Business Economics degree from University College
Save as set out above, there are no details in
relation to the appointment which need to be disclosed under paragraph (g) of
Schedule 2 of the AIM Rules.