East Asia Minerals Proceeds with $2M Private Placement
Vancouver, British Columbia–(Newsfile Corp. – March 21, 2018) – East Asia Minerals Corporation (TSXV: EAS) (East Asia Minerals or the “Company”) announces that further to the news release dated February 1, 2018, that the Company is still proceeding with a private placement raising $2,000,000 under the same terms previously announced (an offering of 33,333,333 units (the “Units”) at $0.06 per Unit (the “Offering”) where each Unit consists of one common share in the capital of the Company (a “Share”) and one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.12 per Warrant Share for a period of 2 years from the closing of the Offering).
The Company may pay eligible finders a finder’s fee of cash, warrants or a combination of both.
The net proceeds of the Offering after payment of commissions will be used by the Company to pay expenses related to the exploration and development of the Company’s properties in Indonesia, settle payables and for working capital. Specifically, the exploration and development expenses will fund the development of Sangihe Project and other business developments.
For further information, contact Mark Sommer at 1-604-684-2183, email@example.com or visit the Company’s website at www.eastasiaminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
photo credit: East Asia Minerals