East Asia Announces Financing and Ir Appointment
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
EAST ASIA ANNOUNCES FINANCING AND IR APPOINTMENT
April 13, 2017 Symbol: EAS
Vancouver, British Columbia, April 13, 2017 East Asia Minerals Corporation (TSXV:EAS)
(the “Company”), announces that it will proceed with a non-brokered private placement of up to
33,333,334 units of the Company (the “ Units”) at $0.12 per Unit for gross proceeds of up to
$4,000,000 (the “Offering”).
Each Unit will consist of one common shar e in the capital of the Company (a “ Share”) and
one-half of a share purchase warr ant (each whole warrant, a “ Warrant”). Each Warrant will
entitle the holder to purchase one additional co mmon share in the capital of the Company (a
“Warrant Share ”) at a price of $0.50 per Warrant Share for a period of five years from the
closing of the Offering.
Finder’s fees for the Offering may be payable to qualified individuals comprised of shares,
warrants or cash or any combination thereof. Clos ing of the Offering is subject to a number of
conditions, including receipt of all necessary co rporate and regulatory approvals, including the
approval of the TSX Venture Exchange (the “ Exchange”). All securities issued in connection
with the Offering will be subject to a statutory ho ld period of four months plus a day from the
date of issuance in accordance with the policies of Exchange and applicable securities
legislation..
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 properties in
Indonesia, settle payables and for working capital.
Certain subscribers under the foregoing Offeri ng may be participati ng through an exemption
contained in Multilateral CSA Notice 45-313 and the various corr esponding blanket orders and
rules of participating jurisdictions (the “ Existing Shareholder Exemption ”) or Multilateral
CSA Notice 45-318 and various blanket orders and rules of participati ng jurisdictions (the
“Investor Dealer Exemption”).
For subscribers utilizing the Existing Sharehol der Exemption, the Offering is available to all
shareholders of the Company at April 3, 2017 (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 R ecord 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 shar eholders after the reco rd 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 re lying upon the Existing Shareholder Exemption,
namely, the subscriber must: a) be a shareholde r 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 mo re than $15,000 value of securities from the
Company in any twelve month period. There is one exception to the $15,000 subscription limit.
In the event that a subscriber wants to purchase more than $15,000 value of securities then they
may do so provided they have firs t received 'suitability advice' from a registered investment
dealer and, in this case, subscribers will be aske d to confirm the registered investment dealer's
identity and employer.
Subscribers utilizing the Existing Shareholder Ex emption must reside in one of the following
jurisdictions: Alberta, British Columbia, Man itoba, New Brunswick, On tario, Nova Scotia,
Northwest Territories Prince Edward Island, Qu ébec, Saskatchewan and Yukon. Shareholders
resident in Newfoundla nd and Labrador are not permitted to participate in the Offering under
the Existing Shareholder Exemption. Existing shar eholders resident in countries other than
Canada will need to meet local jurisdiction requirements to participate.
Subscribers implementing the Investor Dealer Ex emption must reside in one of the following
jurisdictions: Alberta, British Columbia, Ma nitoba, New Brunswick and Saskatchewan.
Subscribers resident in Ontario, Newfoundla nd and Labrador, Northwest Territories, Nova
Scotia, Prince Edward Is land, Québec and Yukon are not permitted to participate in the
Offering under the Existing Shar eholder Exemption. Subscribers resident in countries other
than Canada will need to meet local jurisdiction requirements to participate.
The Company also announced that it has retained 1712060 Alberta Co. to provide strategic
investor relations and financial communications services.
Under the terms of the agreement, East As ia Minerals will pay 1712060 Alberta Co. a
monthly retainer fee of $12,500 for select strategic communications services. The contract
term is for 12 months and commences immediately.
Neither 1712060 Alberta Co. nor any of its principals have an ownership interest, directly
or indirectly, in East Asia Minerals Corporation or its securities, and the Company has not
granted 1712060 Alberta Co. or its principals any right to acqui re any such interests. The
agreement is subject to the approval of the Exchange.
East Asia Minerals Corporation
Terry Filbert, Chairman & CEO
1712060 Alberta Co.
Ward Kondas
778-918-8384
For further information, visit the Company's website at www. EAminerals.com
This news release contains forward-looki ng information, which involves known and unknown
risks, uncertainties and other fa ctors that may cause actual events to differ materially from
current expectation. Important f actors - including the availability of funds and the results of
financing efforts, - that coul d cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The Company disclaims any
intention or obligation, excep t to the extent required by la w, to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in
the policies of the TSX Venture Ex change) accepts responsibility for the adequacy or accuracy
of this release.
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