East Asia Completes 1st Tranche of Financing
East Asia Completes 1st Tranche of Financing
May 10, 2019
Vancouver, British Columbia Symbol: EAS
East Asia Minerals Corporation. (the “Company” or “EAS”)(TSX-V) is pleased to announce that further
to its news release on April 29, 2019, the Company has completed its first tranche of the private
placement offering of 1,500,000 units for total proceeds of $90,000.
The Company will pay a finder’s fee of $630.
The securities distributed under the offering will be subject to a 4 month and 1 day hold period expiring
September 9, 2019.
Subject to prior written approval of the Company in its absolute discretion, eligible and accepted
subscribers under the foregoing Offering may participate through an exemption contained in Multilateral
CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions
(the “Existing Shareholder Exemption”) or Multilateral CSA Notice 45-318 and various blanket orders
and rules of participating jurisdictions (the “Investor Dealer Exemption”).
For eligible and accepted subscribers utilizing the Existing Shareholder Exemption, the Offering is
individuals who were shareholders of the Company as at August 31, 2018 (the "Record Date") (and still
are shareholders) who are eligible to participate under the Existing Shareholder Exemption. Any person
who became 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 as at 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. 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 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.
Subscribers utilizing the Existing Shareholder Exemption must reside in one of the following
jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Nova Scotia, Northwest
Territories Prince Edward Island, Québec, Saskatchewan and Yukon. Shareholders resident in
Newfoundland and Labrador are not permitted to participate in the Offering under 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 Ontario, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Prince Edward
Island, Québec and Yukon are not permitted to participate in the Offering under the Existing Shareholder
Exemption. Subscribers resident in countries other than Canada will need to meet local jurisdiction
requirements to participate.
The Company is pleased to inform its shareholders that it has relaunched its EAS Twitter account and
welcome new followers to join us at @eastasiamincorp Or https://mobile.twitter.com/eastasiamincorp
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.