Business
East Asia Minerals Closes 2nd Tranche of Private Placement
(via TheNewswire) Vancouver, British Columbia / TheNewswire / September 18, 2018....
About this update from Baru Gold Corp
[{"type":"text","content":"East Asia Minerals Closes 2nd Tranche of Private Placement(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / September 18, 2018. East Asia Minerals Corporation (TSXV: EAS) (East Asia Minerals or the \"Company\") announces that the Company has completed the 2nd tranche of the private placement offering of 5,680,000 units for total proceeds of $284,000. \n\n \n \nThe Company will pay finders' fees in the total amount of $21,250 and 390,000 brokers warrants. \n\n \n \nAll of the securities distributed under the offering are subject to a four-month hold period expiring January 14, 2019.\n\n \n \nThe Company also wishes to announce that it 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).\n\n \n \nThe net proceeds of the Offering after payment of commissions will be used by the Company for working capital expenditures related to the Sangihe Project and general operating costs during the final stages of closing the credit facility loan of up to USD$13,500,000 announced on May 31, 2018.\n\n \n \nOn behalf of the Board of Directors of East Asia Minerals,\nTerry Filbert, \n\n\n \nChairman & 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...