VANCOUVER, British Columbia, July 13, 2018 (GLOBE NEWSWIRE) — East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces the issuance of 125,000 previously approved bonus common shares to an executive of the Company.
In 2016, the Company’s Board of Directors approved the grant of up to 2,750,000 bonus common shares (the “Shares”) certain officers of the Company, subject to certain conditions including the issue of mining license for the Company’s Harvest project, shareholder approval, and approval of TSX Venture Exchange. Shareholders voted 99.28% in favour (see news release dated June 24, 2016) and in 2016 the TSX Venture Exchange approved of the issuance of the Shares. As announced on December 15, 2017, following receipt of the mining license for the Harvest project, the Company issued 1,750,000 Shares to certain officers of the Company. On January 26, 2018, the Company issued another 250,000 Shares to certain executives of the Company.
The July 9, 2018, issuance of Shares is subject to a hold period expiring November 10, 2018. The Company has yet to issue the remaining 625,000 Shares.
More information on the Company can be viewed at the Company’s website: www.eastafricametals.com
On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo., CEO
|For further information contact:|
|Nick Watters, Business Development|
|Telephone||+1 (604) 488-0822|
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.