November 2, 2016 / 7:57 AM / a year ago

BRIEF-East Africa Metals arranges financing to advance Ethiopian projects

Nov 2 (Reuters) - East Africa Metals Inc

* East Africa Metals arranges financing to advance Ethiopian projects

* East Africa Metals- Announce the signing of a letter of intent with Shandong Tyan Home Co Ltd to provide equity finance to company

* East Africa Metals-Letter of intent is binding on STH to subscribe to private placement to acquire 20 million units of co at a price of $0.26 per unit

* STH also agreed to provide a US$10 million line of credit to support development of Terakimti Oxide gold project

Source text for Eikon:

Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below