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African Eagle soars as wind-up threat lifted

Published: 13:44 01 Jul 2013 BST

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Shares in African Eagle Resources (LON:AFE) almost trebled as former chairman Euan Worthington withdrew his winding up order against the Tanzania nickel explorer.

Worthington lodged the petition in June, alleging he was still owed £57,005.09 by African Eagle. He resigned as chairman on 24 April 2012.

Last month, Robert McLearon took over as interim managing director after chief executive Trevor Moss left by mutual consent.

Moss’s departure followed the suspension of all activity on the Dutwa nickel project, in Tanzania, to minimise all operational costs.

Shares rose by 200% to 0.375p.

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