East Africa Metals Closes Tibet Huayu Development Financing
VANCOUVER, British Columbia, Aug. 23, 2019 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX-V: EAM - “East Africa” or the “Company”) is pleased to announce that the Company has closed the transaction under which Tibet Huayu Mining Co., Ltd. (“Tibet Huayu” or “THM”) has purchased a 70% interest in the Company’s Adyabo Project pursuant to the Share Purchase Agreement signed June 28, 2019, as amended August 9, 2019. The parties are working to complete the formal registration of the transfer of 70% of East Africa’s equity interest in its Ethiopian subsidiary pursuant to Ethiopian laws and regulations (the “Share Transfer Registration”). Of the US$1,200,000 payable by THM under the Share Purchase Agreement, the Company has received US$600,000, and the remaining US$600,000 will be placed in trust and released to the Company upon the earlier of 10 business days after the Share Transfer Registration and October 31, 2019.
East Africa Metals Announces Tibet Huayu Has Approved the Initiation of Mining Development Programs at the Mato Bula and Da Tambuk Mines, Ethiopia
/in NewsVVancouver, British Columbia – December 1, 2023 – East Africa Metals Inc. (TSX-V: EAM and Frakfurt: EA1) (“East Africa” or the “Company”) is pleased to announce it has received confirmation from the Company’s development partner, Tibet Huayu Mining Co., Ltd. (Shanghai Stock Exchange “Huayu Mining” or “Tibet”, stock code: 601020) that their Board of Directors has approved the initiation of mine development activity at the Mato Bula and Da Tambuk mines through their subsidiary Silk Road Investments Co. Limited (“Silk Road”).
East Africa Metals Grants Stock Options
/in NewsVancouver, British Columbia – September 11, 2023 – East Africa Metals Inc. (TSX-V: EAM and Frakfurt: EA1) has granted an aggregate of 10,550,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan.
East Africa Metals Grants Stock Options
/in NewsVancouver, British Columbia – May 12, 2023 – East Africa Metals Inc. (TSX-V: EAM and Frakfurt: EA1) has granted an aggregate of 3,100,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan.
East Africa Metals Announces Change in Financial Year End
/in NewsVancouver, British Columbia – February 23, 2023 – East Africa Metals Inc. (TSX-V: EAM) (“East Africa” or the “Company”) announces the change in its financial year end from December 31 to March 31. The change in financial year-end has been made to align the timing of the Company’s financial reporting obligations with the availability of the Company’s service providers.