# African Eagle Resources PLC (03912362)

> Why UK company 03912362 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03912362

- **Status:** Administration ended
- **Administration began:** 2016-01-19
- **Administrators' firm:** Willams & Partners
- **Formerly:** Twigg Minerals PLC
- **Incorporated:** 2000-01-19
- **Location:** Borehamwood
- **Industry:** 08990 Other mining and quarrying n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company's Interests are as follows

The Company currently owns 10% of the total share capital of Blackdown Minerals Limited ("Minerals"), previously the Company owned the whole of the asset contained in Minerals and following a restructuring, this new entity was created

A sale of 90% of the share capital was undertaken in August 2013 to Blackdown Resources (UK) Limited for $100,000 The Company retained a 10% free carry in the assets (and anti dilution rights) until $20 Million had been incurred In August 2013 the Company was reclassified as an investing Company under AIM rules

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03912362/filing-history/MzE0NDA1MTAyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03912362

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.