East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC. A total of 75,774,458 million common shares, representing approximately 42.20% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favor of all items of business, including the election of each director nominee as [...]
East Africa Metals Inc. In order to provide clarification of the Company’s May 21, 2019 press release announcing the receipt of government approval of mining licenses for the Mato Bula Gold Copper and Da Tambuk Gold Projects at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia , this revised and amended version is being filed [...]
East Africa Metals Inc. . In advance of the upcoming Annual General Meeting , the Company is pleased to provide the following update to shareholders. Highlights: The Mato Bula and Da Tambuk Mining Licenses formally granted to East Africa; and Negotiations with Tibet Huayu Mining Co. Ltd. regarding the sale of up to 70% interest on the granting of licenses and the Tibet Huayu Project Financing . Ethiopian Licences [...]
East Africa Metals Inc. is pleased to announce the receipt of government approval of mining licenses for the Mato Bula Gold Copper and Da Tambuk Gold Deposits at the Company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . With the acquisition of the Mato Bula and Da Tambuk mining licenses, East Africa’s assets now include four, fully [...]
East Africa Metals Inc. is pleased to announce that it has scheduled an Annual General and Special Meeting to be held on May 31, 2019, to seek shareholder approval for the sale of approximately 70% interest in the Company’s Ethiopian assets to Tibet Huayu Mining Co. Ltd . The Company also announces the closing of the non-brokered private placement. The Company is seeking shareholder approval for the proposed [...]
East Africa Metals Inc. is pleased to announce the TSX Venture Exchange has approved a 30 day extension to the final closing of the non-brokered private placement of up to 18.75 million units at C$0.16 per Unit for proceeds of up to C$3.0M announced on February 11, 2019. The Company expects to close on or around April 8, 2019, subject to TSXV approval. On February 28, 2019, the Company announced it had closed the first [...]
East Africa Metals Inc. would like to provide an update on the ongoing exploration/development of its gold and gold/copper/zinc projects in Federal Democratic Republic of Ethiopia . Now that the previously announced Private placement has closed its initial tranche , the Company has signed a diamond drilling contract for up to 10,000m to commence the first phase of drilling during Q2 2019. The Mato Bula Trend Exploration [...]
East Africa Metals Inc. announces that it has closed the first tranche consisting of 14,543,500 units, subject to approval of the TSX-V, for gross proceeds of C$2.3M, of its previously announced non-brokered private placement for up to 18.75M units at $0.16c per Unit and proceeds of up to $C.3.0M . Each unit will consist of one common share and one common share purchase warrant of the Company. Each warrant will entitle [...]
East Africa Metals Inc. would like to provide an update on to the Project Development financing announcement released earlier . As part of the overall financing strategy, East Africa is announcing its intention to complete an equity financing by way of a private placement of up to C$3.0M at a price of C$0.16 per unit for 18.75M units. Each unit will consist of one common share and one common share purchase warrant of the [...]
East Africa Metals Inc. is pleased to provide additional information to the original announcement dated February 8, 2019 regarding the Project Financing with Tibet Huayu Mining Company. EAM can confirm the Boards of Directors for both East Africa Metals and Tibet Huayu Mining have approved the transaction. Original Release: EAM have executed a binding Letter of Intent with Tibet Huayu Mining Co., Ltd for the exploration [...]
East Africa Metals Inc. is pleased to announce EAM have executed a binding Letter of Intent with Tibet Huayu Mining Co., Ltd for the exploration, development and operation of EAM’s Ethiopian Mining Assets; the Terakimti, Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . Tibet Huayu is a Chinese mining company with its headquarters in [...]
East Africa Metals Inc. is pleased to announce the Ministry of Mines and Petroleum has approved the Mining Agreements for East Africa’s 100% owned Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia . The final step in the Mining Licence process is the formal ratification of the Mining Agreements by the Ethiopian Council of Ministers [...]
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