VANCOUVER, British Columbia, Dec. 29, 2017 -- East Africa Metals Inc. announces the closing of a $2M private placement with Luck Sky Resources Investment Limited , under which the Company issued 7,700,000 units at a price of $0.26 per unit, for gross proceeds of $2,002,000. Each unit consists of one common share and one-half of one share purchase [...]
VANCOUVER, British Columbia, Dec. 15, 2017 -- East Africa Metals Inc. reports that as announced in its news release dated March 24, 2016, the Company’s Board of Directors has approved of the grant of up to 2,750,000 bonus common shares to certain officers of the Company, subject to certain conditions including the issue of mining license for [...]
VANCOUVER, British Columbia, Dec. 14, 2017 -- East Africa Metals Inc. is pleased to provide the following update on the financing announced November 10, 2017. Private Placement The Company and Luck Sky Resources Investment Limited , an affiliate of Luck Winner Investment Limited, have entered into a binding subscription agreement for the purchase [...]
VANCOUVER, British Columbia, Dec. 13, 2017 -- East Africa Metals Inc. is pleased to announce, subsequent to the recently acquired Mining License for the Terakimti Oxide Gold Project , the Company has submitted two additional Mining Licence applications for the Company’s Da Tambuk and Mato Bula Gold deposits at the Company’s 100% owned [...]
VANCOUVER, British Columbia, Dec. 07, 2017 -- East Africa Metals Inc. is pleased to announce the Company has received government approval of East Africa’s Mining Licence Agreement for the Terakimti Oxide Gold Project at the Company’s 70% owned Harvest Project located in the Tigray National Regional State of the Federal Democratic [...]
East Africa Metals Inc. is pleased to announce the signing of a binding memorandum of understanding with Luck Winner Investment Limited providing for project development financing of up to US$250 million and a private placement of 52,100,000 units at a price of $0.26 per unit for aggregate gross proceeds of approximately C$13,550,000. LW has also [...]
VANCOUVER, BC--(Marketwired - September 01, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") East Africa announces that SinoTech (Hong Kong) Corporation Limited, an insider of the Company, has agreed to provide an unsecured loan to the Company in the amount of $600,000. The proceeds will be used for working [...]
VANCOUVER, BC--(Marketwired - August 14, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce final diamond drill hole results from the most recent infill diamond drilling program at the Mato Bula deposit, part of the Company's Adyabo Project in Ethiopia. Highlight intersections include: 5.89 [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver. A total of 74,799,602 million common shares, representing approximately 52.11% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favor of [...]
East Africa Metal is pleased to announce newly received results from recently completed infill diamond drilling at the Adyabo Project, Mato Bula deposit in Ethiopia. Highlight intersections include: At Mato Bula - 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver, from 77.40 metres drill depth (WMD085 [...]
VANCOUVER, BC--(Marketwired - May 11, 2017) - East Africa Metals Inc.(TSX VENTURE: EAM) ("East Africa Metals" or the "Company") is pleased to announce it has been informed the Ministry of Mines, Petroleum and Natural Gas (the "Ministry") has completed its review of the Company's Mine Permit Application and has issued a draft Model Agreement for the [...]
VANCOUVER, BC--(Marketwired - April 27, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) (the "Company" or "East Africa") has granted an aggregate of 1 million stock options to certain directors pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.285 per share and an expiry date of April 25, 2022. More [...]
