East Africa Metals has granted an aggregate of 15,900,000 stock options to certain directors, officers, employees and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.22 per share and an expiry date of June 29, 2023. The options will vest immediately and are subject to the approval of the TSX Venture Exchange. Additional information about East Africa can be viewed at [...]
East Africa Metals Inc. announces voting results from its Annual Meeting of Shareholders held today in Vancouver. A total of 62,329,801 common shares, representing approximately 38.30% of the Company's issued and outstanding common shares were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favour of all items of business, including the election of each director nominee as follows [...]
VANCOUVER, British Columbia, June 12, 2018 -- East Africa Metals Inc. announces that it has filed with the Canadian securities regulators, three separate NI 43-101 Technical Reports each with an effective date of April 30, 2018, in support of the Preliminary Economic Assessment Reports for the Mato Bula Gold-Copper Project, Terakimti Heap Leach Gold Project and Da Tambuk Underground Gold Project, all located in the [...]
VANCOUVER, B.C., June 01, 2018 -- East Africa Metals Inc. announces that the Company and SinoTech Corporation Limited , an insider of the Company, have signed a second extension of the maturity date for the related party loan entered into in September 2017. On September 1, 2017, the Company announced that SinoTech had agreed to provide an unsecured loan to the Company in the amount of $600,000. The loan carried an [...]
VANCOUVER, British Columbia, May 25, 2018 -- East Africa Metals Inc. is pleased to update that the Company has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas , responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications submitted to the Ministry in December 2017 . The Mato Bula Gold Copper and Da Tambuk Gold Projects are both part of the Company’s [...]
VANCOUVER, British Columbia, May 07, 2018 -- East Africa Metals Inc. is pleased to update that the Company will continue to explore highly prospective areas in the immediate vicinity of the known Terakimti Gold , Mato Bula Gold Copper deposit areas, and below outlines its exploration strategy for actively assessing the areas through further targeted and staged exploration. This work will be concurrent with on-going [...]
VANCOUVER, B.C., April 30, 2018 -- East Africa Metals Inc. announces receipt from Tetra Tech Canada Inc. of positive results from Preliminary Economic Assessments for its three gold projects in Federal Democratic Republic of Ethiopia . Separate Preliminary Economic Assessment studies have been received for the Company’s 100% owned Mato Bula Gold Copper Project , 100% owned Da Tambuk Gold Project and 70% owned [...]
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 [...]
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