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East Africa Metals Concludes Tanzanian Government Mediation; Forms New Partnership for the Development of the Magambazi Mine and Gold Stream Transaction with Tanzanian Development Company, PMM
East Africa Metals Concludes Tanzanian Government Mediation; Forms New Partnership for th...
About this update from East Africa Metals, Inc.
[{"type":"text","content":"\n \n \n \n East Africa Metals Concludes Tanzanian Government Mediation; Forms New Partnership for the Development of the Magambazi Mine and Gold Stream Transaction with Tanzanian Development Company, PMM\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnmr10{\nMARGIN-RIGHT:0.83em\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prnvam{\nVERTICAL-ALIGN: MIDDLE\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 22, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 22, 2020\n \n /CNW/ -\n \n East Africa Metals Inc.\n \n (TSXV: EAM) (Frakfurt: EA1) (\"East Africa\", \"EAM\" or the \"Company\") is pleased to announce that subject to the approval of the Fair Competition Commission (FCC) of\n \n Tanzania\n \n , the Company is expected to sign a binding Share Purchase Agreement and Gold Purchase Agreement with an arm's length Tanzanian private company, PMM Mining Company Limited (\"PMM\" or the \"Developer\"), to develop the Magambazi Mine in\n \n Tanzania\n \n .\n \n \n \n \n Highlights:\n \n \n \n \n \n Government mandated mediation to resolve the current legal issues in\n \n Tanzania\n \n has cleared the way for EAM to form a partnership with PMM for the development of commercial mining operations at M...