| Extension of Time to Complete Sese Joint Venture | |
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Microsoft Word - 2014-12-02 extension to FQM JV
2 December 2014
EXTENSION O
TIME TO COMPLETE SESE JOINT VENTURE
On 20 October 2014,
African Energy Resources (the "Co
pany") announced it h ad executed a heads of
agreement under whic
First Quantum Minerals (FQM) will make a Jo nt Venture
Investment to acquire a
majority interest in African Energy H
ldings SRL once certain conditions precedent are satisfied.
The Company advises that the date to satisfy these conditions precede
t has been further extended by two
weeks to 15 December 2014 to allow for the complete it's due diligence review.
finalisation of the Shareholders Agr eement and for FQM to
For any further information, please contact the C
mpany directly on +61 8 6465 5500.
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African Energy Resources Limited
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DEVELOPMENT STAGE |
CODE : AFR.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
African Energy is a uranium exploration company based in Australia. African Energy holds various exploration projects in Malawi, in Zambia and in Zimbabwe. Its main asset in development is GWABE (CHIRUNDU) in Zambia and its main exploration properties are NORTHERN LUANGWA VALLEY, LUANO VALLEY, ALDERSHOT, KARIBA VALLEY JV, CHIRUNDU JV, NJAME, LUANO and CENTRAL LUANGWA VALLEY in Zambia, SESE in Botswana and KARIBA in Zimbabwe. African Energy is listed in Australia. Its market capitalisation is AU$ 20.1 millions as of today (US$ 14.5 millions, € 12.7 millions). Its stock quote reached its highest recent level on February 25, 2011 at AU$ 1.00, and its lowest recent point on March 20, 2020 at AU$ 0.01. African Energy has 609 000 000 shares outstanding. |