AFRICAN EAGLE TO MOVE FROM OFEX TO AIM
News Report
6 June 2003
African Eagle Resources plc ("AER") announces that it has submitted a ten day announcement to the London Stock Exchange in respect of its intention to seek admission for its ordinary shares to trade on the Alternative Investment Market ("AIM"). AER intends to raise a minimum of £1.25 million, via a placing, in conjunction with AIM admission for its mineral exploration projects in Eastern and Southern Africa. AIM admission is expected to take place on or about 25 June, 2003 at which time the ordinary shares of AER will be withdrawn from trading on OFEX.
John Park
Chairman
African Eagle Resources plc