Brief: East Africa Metals arranges financing to advance Ethiopian projects
02/11/2016 07:30
Nov 2 (Reuters) - East Africa Metals Inc EAM.V
* 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: ID:nMKWgk13Ka
Further company coverage: EAM.V
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