Business
East Africa receives formal consent from the government of Tanzanian, concludes Magambazi Mine gold stream transaction
East Africa receives formal consent from the government of Tanzanian, concludes Magambazi...

About this update from East Africa Metals, Inc.
[{"type":"text","content":"\n \n \n \n East Africa receives formal consent from the government of Tanzanian, concludes Magambazi Mine gold stream transaction\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.prngen4{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 21, 2020\n \n /CNW/ -\n \n East Africa Metals Inc.\n \n (TSXV: EAM - \"\n \n \n East Africa\n \n \n \", \"EAM\" or the \"\n \n Company\n \n \") is pleased to announce that, further to it's press release dated\n \n October 22, 2020\n \n , it has received formal consent from the government of\n \n Tanzania\n \n , approving the Magambazi gold stream transaction with Tanzanian partner PMM Mining Company Limited (\"PMM\"). The wire transfer of\n \n USD2.0M\n \n property payment has been made.\n \n \n \n \n \n \n \n \n \n \n \n The Magambazi Transaction:\n \n \n \n The consideration for the transaction includes:\n \n \n \n PMM has paid to EAM the sum of\n \n US$2,000,000\n \n , being consideration for the acquisition of 100% ownership stake in Canaco Tanzania Ltd. (\"CTL\"), EAM's Tanzanian subsidiary company, which owns the Magambazi and Handeni Mining Lic...