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African Eagle Resources PLC Announces Ownership Interest Of Coburg Group Plc

Wednesday, 24 Jul 2013 07:30am EDT 

African Eagle Resources PLC announced that Coburg Group Plc (Coburg) has purchased 78,009,570 ordinary shares of GBP0.001 each (Ordinary Shares) in the Company at a price of GBP0.0015 per Ordinary Share. In conjunction with the above transaction, Coburg has also acquired 22,574,785 unlisted warrants (Warrants) in the Company. The aggregate consideration paid by Coburg for the Ordinary Shares and the Warrants was GBP117,014. Coburg now holds a total of 78,509,570 Ordinary Shares, representing approximately 11.3% of the issued share capital of the Company. The Warrants carry the right to subscribe for new Ordinary Shares of African Eagle at GBP0.102 per Ordinary Share any time up to February 10, 2016. 

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