News - African Eagle Resources PLC: Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited

1 December 2014

African Eagle Resources PLC
("African Eagle" or the "Company")
AIM:AFE, AltX:AEA

Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited

African Eagle wishes to provide an update to the announcement made on 20 November 2014 in relation to the extension to the conditional agreement ("Agreement") for the proposed acquisition of Lime-Chem Resources (Proprietary) Limited.

Subsequent to the previous announcement, an extension has been agreed with all the parties to the Agreement for the date by which the condition needs to be satisfied for agreement to be reached on the disclosure letter, qualifying the warranties  as provided for in terms of the Agreement. The agreement is for an extension of this date from 28 November 2014 to 12 December 2014.

The Company does not currently anticipate that this extension will impact the timetable for the fulfilment of the other conditions as set out in the announcement of 20 November 2014.

Enquiries:

African Eagle Resources plc                                               Tel: +44 (0) 207 002 5361
Robert McLearon, Finance Director

Beaumont Cornish Limited (Nominated Adviser)               Tel: +44 (0) 207 628 3396
Roland Cornish / Emily Staples

Pareto Securities Limited (Joint Broker)                             Tel: +44 (0) 207 786 4370
Guy Wilkes

Loeb Aron & Company Limited (Joint Broker)                   Tel: +44 (0) 207 628 1128
John Beresford-Peirse / Anthony Kluk

About African Eagle
African Eagle Resources plc is quoted on the AIM Market of the London Stock Exchange (symbol: AFE) and Johannesburg AltX stock exchange (symbol: AEA)

Correspondence Address & Registered Office: 64 New Cavendish Street, London, W1G 8TB, UK
Phone: +44 20 7002 5361 / E-mail: info@africaneagle.co.uk

All content © African Eagle 2012 / Website design by ckd