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 [...]
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 agreed to provide an unsecured loan to the Company in the amount of [...]
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 capital, engineering work at the Terakimti Oxide Gold Project and exploration [...]
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 metres grading 53.32 grams per tonne gold, 0.51 % copper, and 2.6 grams per [...]
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 all items of business, including the election of each director nominee as [...]
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), and; At Mato Bula - 7.60 metres grading 14.59 grams per tonne gold, 0.62 [...]