East Asia Minerals Grants Stock Options and Private Placement Update
East Asia Minerals Corporation
Corporate Office:
905 West Pender Street, Suite 210
Vancouver, BC Canada V6C 1L6
T +1-604-684-2183
F +1-604-357-1987
www.eastasiaminerals.com
News Release
East Asia Minerals Grants Stock Options and Private Placement Update
July 30, 2018 Symbol: EAS
Vancouver, British Columbia - East Asia Minerals Corporation (the “Company”) (EAS:TSX.V,
EAIAF:OTCBB) announces that it has granted an aggregate amount of 3,298,572 stock
options to directors, management, employees and consultants of the company in
accordance of the provisions of the company's stock option plan, subject to approval of the
TSX Venture Exchange. Each option entitles the holder to purchase one common share of
the company at an exercise price of $0.05 for a five-year period.
Further to the news release dated June 20, 2018, the Company is still proceeding with a
private placement raising up to $2,000,000 under the same terms previously announced
(an offering of 40,000,000 units (the “Units”) at $0.05 per Unit (the “Offering”) where each
Unit consists of one common share in the capital of the Company (a “Share”) and one share
purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder
to purchase one additional common share in the capital of the Company (a “Warrant
Share”) at a price of $0.10 per Warrant Share for a period of 2 years from the closing of
the Offering).
The net proceeds of the Offering after payment of commissions will be used by the
Company for working capital expenditures related to the Sangihe Project during the final
stages of closing the credit facility loan of up to $17,500,000 (USD$13,500,000) announced
on May 31, 2018.
Oh behalf of the Board of Directors of East Asia Minerals,
Terry Filbert,
Chairman & CEO
For further information, contact Mark Sommer at #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.
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