East Asia Minerals Notifies Warrant Holders of Upcoming Warrant Expiry and Acceleration Dates
News Release
East Asia Minerals Corporation
Corporate Office:
9th Floor – 1021 West Hastings
Vancouver, BC V6E 0C3
T +1-604-684-2183 F +1-604-357-1987
www.eastasiaminerals.com
September 21, 2020 Trading Symbol: “EAS: TSX.V | EAIAF:US”
EAST ASIA MINERALS NOTIFIES WARRANT HOLDERS OF
UPCOMING WARRANT EXPIRY AND ACCELERATION DATES
East Asia Minerals Corporation (“EAMC” or “The Company”) would like to advise current warrant
holders to check their warrants for expiry dates and accelerated exercise clauses.
The Company advises warrant holders that there are 4,161,400 warrants expiring October 11, 2020,
and 4,300,000 warrants expiring November 13, 2020.
Also, for those investors who recently participated in the p rivate placement that closed on April 17,
2020, please note that there are 10,500 warrants exercisable at $0.06 that have an accelerated
exercise clause.
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 s uch ten (10)
consecutive trading day period.
The stock price has been above $0.12 since September 3, 2020. The Company hereby notifies all the
warrants holders that the warrants have accelerated and the new expiry date for the warrants issued on
April 17, 2020 will be October 19, 2020.
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold -copper project is located on the island of Sangihe off the northern coast of
Sulawesi and has an existing National Instrument 43 -101 inferred mineral resource of 114,700
indicated and 105,000 inf erred ounces of Gold as reported in the Company's "Independent
Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits,
Sangihe Project, North Sulawesi, Indonesia" dated May 30, 2017. Only 10% of the gold b earing
area has been explored. Readers are cautioned that mineral resources that are not mineral reserves
do not have demonstrated economic viability. The Company's 70 -percent interest in the Sangihe -
mineral-tenement contract of work ("CoW") is held throu gh PT Tambang Mas Sangihe (PTTMS).
The remaining 30-percent interest in PTTMS is held by three Indonesian corporations. The term of
the Sangihe CoW agreement is for 30 years upon commencement of the production phase of the
project.
ABOUT EAST ASIA MINERALS CORPORATION
East Asia Minerals is a dynamic junior gold developer with NI43 -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 heap lea ch operation. East Asia has a team of mining
professionals in North America and locally in Indonesia with extensive experience in starting and
operating small-scale gold and coal assets. With the team in place, East Asia plans to raise market
awareness to develop it’s highly prospective project portfolio.
Subject to the final environmental permit being issued as well the Indonesian Government
Operations Production License being granted, the Company intends to proceed to production
without the benefit of f irst establishing mineral reserves supported by a feasibility study. 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 a nd a s such, there may be involved increased uncertainty and various
technological and economic risks such as 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 p rice that will cov er
the project’s operating and maintenance costs.
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, Director
President & CEO
+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.
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 t hose 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 o ur e xpectations; 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 makin g any investment d ecision. 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.