VANCOUVER, British Columbia, April 06, 2018 -- East Africa Metals Inc. announces the Company has commenced binding arbitration proceedings with respect to certain disputes that East Africa has with Tanzanian Goldfields Company Limited under the Contractor and Option to Purchase Agreement dated March 5, 2016 and the Addendum to the Definitive Agreement dated January 16, 2018 . In accordance with the Definitive Agreement [...]
VANCOUVER, British Columbia, March 29, 2018 -- East Africa Metals Inc. announces that further to and following the closing of the $2.0 million financing with Luck Sky Resources Investment Limited on December 28, 2017, Luck Winner Investment Limited and East Africa have agreed to terminate the Ethiopian Project Financing Memorandum of Understanding announced on October 2, 2017. Despite the best efforts of both parties [...]
VANCOUVER, British Columbia, Feb. 07, 2018 -- East Africa Metals Inc. announces the following Corporate updates: Completion of Warrant Acceleration Further to its news release dated January 15, 2018, the Company has successfully completed the acceleration of its share purchase warrants issued under the private placement completed on May 31, 2016. 3,771,680 warrants were exercised at a price of $0.25 per share, for [...]
VANCOUVER, British Columbia, Jan. 26, 2018 -- East Africa Metals Inc. announces the following corporate updates. Financing update Further to the news release dated December 29, 2017, the binding subscription agreement between Luck Sky Resources Investment Limited and the Company for LS to subscribe for 44,400,000 units at a price of $0.26 per unit for gross proceeds of $11,544,000 continues to remain in effect. Each unit [...]
VANCOUVER, British Columbia, Jan. 24, 2018 -- East Africa Metals Inc. wishes to announce that, further to news releases dated October 2, 2017 and October 5, 2016, the Company has completed the updated terms for the Definitive Agreement with an arm’s length private exploration and development company, Tanzanian Goldfields Company Limited a Hong Kong company , to purchase and develop East Africa’s Handeni [...]
VANCOUVER, British Columbia, Jan. 15, 2018 -- East Africa Metals Inc. announces that it has elected to accelerate the expiry date of the warrants issued to purchasers and finders under its private placement financing completed on May 31, 2016. Each Warrant entitles the holder to purchase one common share at a price of $0.25 per share. The Warrants were originally set to expire on May 31, 2018 and will now expire on [...]
VANCOUVER, British Columbia, Jan. 12, 2018 -- East Africa Metals Inc. is pleased to provide an update regarding the recent Mining Licence applications in the Federal Democratic Republic of Ethiopia. Mining Licence Application Areas Permitting for Mining Licences on Da Tambuk and Mato Bula East Africa has submitted the Mato Bula and Da Tambuk Mining License applications to Ministry of Mines, Petroleum, and Natural Gas [...]
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 warrant. Each whole warrant entitles the holder to purchase one common share [...]
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 the Company’s Harvest project, shareholder approval, and approval of [...]
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 of 52,100,000 units at a price of $0.26 per unit for aggregate gross [...]
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 Adyabo Project located in the Tigray National Regional State of the Federal [...]
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 Republic of Ethiopia . The Mining Licence Agreement has been formally approved by [...]
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