East Asia announces increase to Financing and Warrant Acceleration
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 30, 2020 Trading Symbol: “EAS: TSX.V | EAIAF:US”
East Asia announces increase to Financing and Warrant Acceleration
East Asia Minerals Corporation (the “Company”) – 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 (the “Offering”). 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 of an additional
common share at the prices of $0.06 per common share. The exercise of the warrants shall be subject to
the following acceleration provision: if for any ten (10) consecutive trading days the closing price of the
Shares on the TSX Venture Exchange (the “Exchange”) exceeds $0.12 at any time commencing after
(4) months after the Closing Date and until the expiry date of the warrants, then the remaining term
of the warrants will be reduced to thirty (30) days, commencing after the end of such ten (10)
consecutive trading day period. The Issuer will notify warrant holders by way of press release that the
warrants have accelerated and provide new expiry dates in such press release. This clause may not be
used to extend the expiry date of the warrants.
Finder’s fees may be payable to qualified individuals comprised of shares, warrants or cash or any
combination thereof.
The Company has also revised the proposed net proceeds received from the Offering after payment of
commissions are intended to be used by the Company to pay expenses related to the Company’s
property in Indonesia, settle payables and for working capital:
ITEM AMOUNT
Gross Proceeds $300,000
Jakarta Rent & Overhead $11,200
Vancouver Rent & Overhead $36,400
Legal Expenses $42,000
Environmental meeting & license issue expenses $42,000
Accounts Payable $84,000
Wages Jakarta $42,000
Management fees $42,000
Balance towards filing fees $400
The foregoing transactions are subject to approval of the Exchange.
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 Company’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.