Business
East Asia Announces Financing
(via TheNewswire) December 30 , 2019 - TheNews w ire - Vancouver, British Co...
About this update from Baru Gold Corp
[{"type":"text","content":"East Asia Announces Financing(via TheNewswire)\n \n \nDecember 30, 2019 - TheNewswire - Vancouver, British Columbia - East Asia Minerals Corporation. (the \"Company\" or \"EAS\") (TSXV:EAS) (OTC:EAIAF) is pleased to announce it has arranged a private placement offering of 6,550,000 common shares at $0.05 per common share for an aggregate amount of CDN$327,500. \n\n \n \nTo complete the license upgrade on our Sangihe project, to Operation Production status, the Company must complete the Environmental Impact Assessment meeting (AMDAL) which will authorize the issuance of the environmental permit. The proceeds of these funds will be used to obtain approval of the AMDAL, mining permit approvals, and working capital for the Issuer.\n\n \n \nUpon completion of the subscription, the Subscriber shall have an exclusive first right of refusal for six months from the approval by the Indonesian Government of the Sangihe Gold Project AMDAL to fund EAS up to US$4,750,000 by way of subscription for common shares of the Issuer at the maximum discounted prevailing market price at the time of announcement of such financing subject to TSX Venture Exchange and shareholder approvals.\n\n \n \nNo finder's fee shall be paid on this transaction.\n\n \n \nEAST ASIA MINERALS CORPORATION \n\n\n \nPer: \"Terry Filbert\"\n\n\n \n Terry Filbert, Chairman and CEO\n\n \n \nFor further information, contain Mark Sommer at 1-604-684-2183, [email protected] or visit the Company's website at www.eastasiaminerals.com\n\n \n \nNeither 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.\n\n \n \nCertain 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 resul...