East Asia Minerals Corp. is pleased to announce a $4 million private placement with a $2 million lead order from Palisades Goldcorp. The private placement will consist of 26,666,666 units priced at $0.15 per unit . Each unit will be comprised of one common share in the capital of the Company and one common share purchase warrant . Each Warrant shall be exercisable into one Share at an exercise price of $0.25 for 3 years [...]
East Asia Minerals Corp. is pleased to announce a meeting of North Sulawesi government and community representatives was held on September 2, 2020, and the Company received notice of the approval of the AMDAL environmental report for Sangihe. In furtherance of the issuance of the final permit, the Company is now attending to the preparation and submission of the necessary filings to complete the process. The Company [...]
East Asia Minerals Corp. is updating the timeframe of AMDAL environmental permits announced on August 20, 2020 to be received August 28, 2020. The Company has been advised, by the Environmental Department that due to administrative issues, the AMDAL environmental meeting previously scheduled for August 28, 2020 has been postponed and is expected to be rescheduled within the next week. Mr. Terry Filbert, CEO of EAMC, adds [...]
East Asia Minerals Corp. would like to advise current warrant holders to check their warrants for expiry dates and accelerated exercise clauses. The Company advises warrant holders that there are 5,040,000 warrants expiring September 13, 2020, 4,168,900 warrants expiring October 11, 2020, and 4,300,000 warrants expiring November 13, 2020. Also, for those investors who recently participated in the private placement that [...]
East Asia Minerals Corp. is pleased to announce that it has retained Martin Jati Lawyers for land survey and land acquisition service of the mining area located within the PTTambang Mas Sangihe's Contract of Work in the North Sulawesi Province. The area covered is a maximum 77 hectares. The services provided will include, preparation of working maps based on definitive coordinates of the Concession Area; conducting [...]
East Asia Minerals Corp. is pleased to announce the appointment of Karen Dyczkowski as Chief Financial Officer. Ms. Dyczkowski has been with the Company, serving in various capacities, since 2008 and has served as corporate controller and corporate secretary for EAMC since 2011. She has extensive corporate and financial knowledge given her lengthy experience with the Company throughout the evolving stages of the market [...]
East Asia Minerals Corp. - Further to the Company's news release dated July 16, 2020, the Company is pleased to announce the completion of the private placement offering in the amount of $109,999.89 to be used for costs related to the environmental licence and the preliminary mining reclamation planning process at the Sangihe project,. The units have been taken by long-term EAS stakeholders and investors. The securities [...]
East Asia Minerals Corp. is pleased to announce that the final environmental assessment study has been submitted to the relevant environmental office in the Province of North Sulawesi. EAMC is anticipating the approval of the AMDAL and it to be issued by the authority within two weeks of this submission. The approved AMDAL, together with the Indonesian Feasibility Study from August 2018 which has been approved and [...]
East Asia Minerals reports that its board of directors has approved the settlement of up to $415,000 of debt through the issuance of common shares of the Company. Pursuant to the Debt Settlement, the Company would issue up to 6,916,667 common shares of the Company at a deemed price of $0.06 per Share to certain creditors of the Company, including certain directors and officers The purpose of the debt settlement is to [...]
East Asia Minerals is pleased to announce that it has closed financing previously announced on March 27, 2020 for a total of $300,333. The Company received aggregate gross proceeds of $167,273 the issuance of 4,779,228 units of the Company at a price of $0.035 per Unit. Each Unit will comprise one common share in the capital of the Company and one common share purchase warrant. Each Warrant entitles the holder to acquire [...]
Further to the Company's news releases dated March 27, 2020 and March 30, 2020, the Company is pleased to announce the completion of the first tranche of the private placement offering in the amount of $133,059.99. The Company will pay a finder's fee of $735 in cash commission and 21,000 broker's warrants. The securities distributed under the offering will be subject to a 4 month and 1 day hold period expiring on August [...]
East Asia Minerals Corp. - Further to the Company's news release dated March 27, 2020, the Company has announced the increase to the offering to raise up to $300,000 from the sale of 8,571,429 units at $0.035 per unit . Each unit is comprised of one common share and one share purchase warrant exercisable for a term of two years for the purchase of an additional common share at the prices of $0.06 per common share. The [...]
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