Sept 21 (Reuters) - African Energy Resources Ltd AFR.AX :
* Additional information on mmamantswe project sale AFR.AX
* A gain will be derived by the company on net sale consideration received in excess of the current carrying value of approximately US$3.3M
* Will be paid initial US$10M if project bid is shortlisted by South Africa's department of energy
* Says no changes to the board or senior management are proposed as a consequence of the completing the sale
* Developer will form a bid consortium
* Says will receive a second payment of US$10M if and when the project reaches financial close
* Gain will be derived by co on net sale consideration received in excess of current carrying value of about US$3.3M
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