OPTION EXERCISES
News Report
27 July 2007
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE) announces that an employee has exercised 15,000 share options at a price of 8p to purchase ordinary shares of one pence each in the Company and the new shares will rank pari passu with the existing shares.
Following this exercise, the total number of shares allotted and issued is 154,049,144 and the Company has made application for 15,000 new shares to be admitted to trading on AIM, with dealings expected to commence on 30 July 2007.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
UK Office & Registered Address : 2nd Floor, 6-7 Queen Street, London, EC4N 1SP, UK,
+44 20 72 48 60 59 Fax +44 20 76 91 77 45 email info@africaneagle.co.uk
+44 20 72 48 60 59 Fax +44 20 76 91 77 45 email info@africaneagle.co.uk
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