East Asia Announces Financing
East Asia Announces Financing
December 30, 2019/The News Wire/Vancouver, British Columbia Symbol: EAS
East Asia Minerals Corporation. (the “ Company” or “ EAS”)(TSX-V) is pleased to announce it has
arranged a private placement offering of 6,550,000 common shares at $0.05 per common share for an
aggregate amount of CDN$327,500.
To complete the license upgrade on our Sangihe project, to Operation Production status, the Company must
complete the Environmental Impact Assessment meeting (AMDAL) which will authorize the issuance of
the environmental permit. The proceeds of these funds will be used to obtain approval of the AMDAL,
mining permit approvals, and working capital for the Issuer.
Upon completion of the subscription, the Subscriber shall have an exclusive first right of refusal for six
months from the approval by the Indonesian Government of the Sangihe Gold Project AMDAL to fund
EAS up to US$4,750,000 by way of subscription for common shares of the Issuer at the maximum
discounted prevailing market price at the time of announcement of such financing subject to TSX Venture
Exchange and shareholder approvals.
No finder’s fee shall be paid on this transaction.
EAST ASIA MINERALS CORPORATION
Per: “Terry Filbert”
Terry Filbert, Chairman and CEO
For further information, contain Mark Sommer at 1-604-684-2183, [email protected] or visit
the Company’s website at www.eastasiaminerals.com
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements"
within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not
limited to, statements or information concerning future work programs, results and timing of any work programs, the
Company's performance or events as of the date hereof. These statements reflect management's current assumptions
and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and
uncertainties and other factors which may cause actual results, performance or events to be materially different from
those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results;
the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining
results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain
adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and
licensing risks; general market and mining exploration risks and production and economic risks related to design and
engineering, manufacturing, technological processes and test procedures and the risk that the project's output will
not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements
should not be construed as investment advice. Readers should perform a detailed, independent investigation and
analysis of the Company and are encouraged to seek independent professional advice before making any investment
decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required
by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking
statements to reflect events or changes in circumstances that occur after the date hereof.