By Devika Patel
Knoxville, Tenn., June 19 - East Asia Minerals Corp. said it has completed a C$4.64 million non-brokered private placement of units. The deal priced on June 2.
The company sold 9.1 million units of one common share and one half-share warrant at C$0.51 per unit, with each whole warrant exercisable at C$0.75 until Dec. 19, 2011.
Proceeds will be used for exploration and working capital.
East Asia is a mineral exploration company based in Vancouver, B.C.
| Issuer: | East Asia Minerals Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4,641,000
|
| Units: | 9.1 million
|
| Price: | C$0.51
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 19, 2011
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | June 2
|
| Settlement date: | June 19
|
| Stock symbol: | TSX Venture: EAS
|
| Stock price: | C$0.64 at close June 2
|
| Market capitalization: | C$47.3 million
|
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