Brief: East Africa Metals enters binding MOU for project financing
02/10/2017 08:15
Oct 2 (Reuters) - East Africa Metals Inc EAM.V
* East Africa Metals enters binding MOU for project
financing
* LW has also agreed to provide an unsecured loan to company
in amount of C$2 mln
* Announces signing of MOU with luck winner investment
limited
* Agreement provides for project development financing of up
to US$250 million and private placement of 52.1 million units at
price of $0.26/ unit
* MOU with LW contemplates that a joint venture company
("JVCo") will be formed, with 70% owned by LW and 30% owned by
East Africa
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Further company coverage: EAM.V
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