East Asia announces Existing Shareholder and Investment Dealer Exemptions for Financing
News Release
East Asia Minerals Corporation
Corporate Office: #210-905 West Pender St
Vancouver, BC V6C 1L6
T +1-604-684-2183 F +1-604-357-1987 w
ww.eastasiaminerals.com
March 27, 2020 Trading Symbol: “EAS: TSX.V | EAIAF:US”
East Asia announces Existing Shareholder and Investment Dealer Exemptions for Financing
East Asia Minerals Corporation (the “Company”) is pleased to announce a private placement offering to
raise up to $250,000 from the sale of 7,142,857 units at $0.035 per unit. Each unit is comprised of one
(1) common share and one (1) share purchase warrant exercisable for a term of two years for the purchase
an additional common share at the prices of $0.06 per common share.
Finder’s fees may be payable to qualified individuals comprised of shares, warrants or cash or any
combination thereof.
The Offering will be conducted pursuant to available prospectus exemptions including sales to accredited
investors, family members, close friends and business associates of directors and officers of the Corporation,
to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the
exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions
through an investment dealer ) (the " Investment Dealer Exemption ") and to existing shareholders of the
Corporation pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45-
534 (Exemption from prospectus requirement for certain trades to existing security holders ) (the " Existing
Shareholder Exemption").
For subscribers utilizing the Existing Shareholder Exemption, the Offering is available to all
shareholders of the Company as at March 26, 2020, (the " Record Date") (and still are shareholders)
who are eligible to participate under the Existing Shareholder Exemption. Any person who becomes a
shareholder of the Company after the Record Date is not permitted to participate in the offerings using
the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders
who became shareholders after the record date should consult their professional advisors when
completing their subscription form to ensure that they use the correct exemption.
There are conditions and restrictions when relying upon the Existing Shareholder Exemption, namely,
the subscriber must: a) be a shareholder of the Company on the Record Date (and still are a
shareholder), b) be purchasing the Units as a principal, i.e. for their own account and not for any other
party, and c) may not purchase more than $15,000 value of securities from the Company in any twelve
month period, unless they have first received 'suitability advice' from a registered investment dealer and,
in this case, subscribers will be asked to confirm the registered investment dealer's identity and
employer.
The proposed net proceeds received from the Offering after payment of commissions are intended to be
used by the Company for to pay expenses related to the Company’s property in Indonesia, settle
payables and for working capital the following purposes:
ITEM AMOUNT
Gross Proceeds $250,000
Jakarta rent & overhead 11,200
Vancouver rent & overhead 28,000
Legal expenses 28,000
Environmental meeting & operating licence expenses 35,000
Accounts payable 63,000
Jakarta Wages 42,000
Management fees 42,000
TOTAL $249,200
Subscribers in all Canadian jurisdictions may utilize the Existing Shareholder Exemption. Existing
shareholders resident in countries other than Canada will need to meet local jurisdiction requirements to
participate.
Subscribers implementing the Investor Dealer Exemption must reside in one of the following
jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan. Subscribers
resident in countries other than Canada will need to meet local jurisdiction requirements to participate.
The foregoing transactions are subject to approval of the TSX Venture Exchange.
The Company announces that it will not be proceeding with the private placement of $327,500 previously
announced on December 30, 2019.
ABOUT EAST ASIA MINERALS CORPORATION
East Asia Minerals is a dynamic junior gold developer with two assets totaling combined
resources of 3.3 million ounces NI 43-101 gold resources in Indonesia, one of the leading gold
producer countries in the world. EAS plans to advance and permit Sangihe in near term and
raise funds for a 1,000 ounces per month heap leach operation. With cashflow from operations
the plan is to further expand resource through drilling and update the Conpany’s current
resources. The Company cautions readers that the any production decision made by the Company will not be
based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as
such, there may be involved increased uncertainty and various technological and economic risks outlined in the
“forward looking statement” below.
East Asia has a team of mining professionals in North America and locally in Indonesia with
extensive experience in operating small scale gold and coal assets, working diligently to develop
it’s highly prospective project portfolio.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the
Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.
EAST ASIA MINERALS CORPORATION
Per: “Terry Filbert”
Terry Filbert, CEO and Director
+1,206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking and Cautionary Statements
This EAST ASIA MINERALS News Release may contain certain "forward-looking" statements and information
relating to East Asia that is based on the beliefs of East Asia management, as well as assumptions made by and
information currently available to East Asia management. Forward-looking information is often, but not always,
identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project",
"predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or
variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would",
"might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with
respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to,
without limitations, exploration and development risks, expenditure and financing requirements, title matters,
operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one-time events. Should any one or more risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking
statements may vary materially from those described herein. East Asia does not assume the obligation to update any
forward-looking statement.