11 February 2015
African Eagle Resources PLC
("African Eagle" or the "Company")
Update on Proposed Acquisition of Lime-Chem Resources (Proprietary) Limited
African Eagle wishes to provide an update to the announcements made on the 20 November 2014 and on 1 December 2014 in relation to the proposed acquisition of Lime-Chem Resources (Proprietary) Limited.
Subsequent to the previous announcements and during the process of progressing the transaction the Company has identified aspects of the transaction that have necessitated changes to the previously announced terms. Those changes are currently still under discussion with the vendors and as a consequence there can be no guarantee that the previously announced timetable will be adhered to or that the transaction will complete.
The Board intends to update shareholders of progress in relation to the proposed acquisition of Lime-Chem Resources (Proprietary) Limited via the website (www.africaneagle.co.uk) and the SENS system of the JSE Limited.
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
Loeb Aron & Company Limited (Joint Broker) Tel: +44 (0) 207 628 1128
John Beresford-Peirse / Anthony Kluk
Correspondence Address & Registered Office: 64 New Cavendish Street, London, W1G 8TB, UK
Phone: +44 20 7002 5361 / E-mail: firstname.lastname@example.org
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