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African Eagle

Posted: Tue, 31 Jul 2007

[miningmx.com] -- AFRICAN Eagle Plc will list on Johannesburg's AltX in mid-August, ahead of which it will place shares to raise R104m.

“Our debut on ALTX will provide the Company with access to an investor base which has a unique, long-standing knowledge of, and exposure to, the mineral resources sector," said managing director Mark Parker.

"Ahead of the listing, which is scheduled for mid-August 2007, the Company has received commitments to participate in a share placing to raise capital of £7,408,054 (R104m)," the company said.

African Eagle has no interests within South Africa.