By Devika Patel
Knoxville, Tenn., May 3 - East Asia Minerals Corp. said it plans an C$18.85 million non-brokered private placement of stock.
The company will sell 2.5 million common shares at C$7.54 per share.
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: | Common shares
|
| Amount: | C$18.85 million
|
| Shares: | 2.5 million
|
| Price: | C$7.54
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | May 3
|
| Stock symbol: | TSX Venture: EAS
|
| Stock price: | C$7.67 at close April 30
|
| Market capitalization: | C$558 million
|
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