East Asia CEO Sells Shares to Facilitate Obtaining the Production Licence

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[{"type":"text","content":"East Asia CEO Sells Shares to Facilitate Obtaining the Production Licence(via TheNewswire)\n \n \nShare Sale by Terry Filbert CEO and Chairman\n\n\n \nVancouver, British Columbia - TheNewswire - August 21, 2019 - East Asia Minerals (\"the Company\") (TSXV:EAS) advises that in order to maintain the momentum on completing the Sangihe Production License approval, CEO Terry Filbert has recently elected to sell shares and loan the net proceeds to the company in order to pay expenses that are necessary in the final stages of the production license approval for the Sangihe project.\n\n\n \nSangihe Project\n\n\n \nThe 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 inferred ounces of Gold. The Company's 70-percent interest in the Sangihe-mineral-tenement contract of work (\"CoW\") is held through PT Tambang Mas Sangihe (PTTMS). The remaining 30-percent interest in PTTMS is held by three unaffiliated Indonesian corporations. The term of the Sangihe CoW agreement is for 30 years upon commencement of the production phase of the project.\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, contact 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 results, performance or events to be materially dif...

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