On January 10, 2025, East Africa Metals Inc. announced the successful closing of a non-brokered private placement, raising CAD $500,000 through the issuance of 3,333,333 common shares at a price of CAD $0.15 per share.
This investment represents a strategic vote of confidence in East Africa Metals' African assets and growth potential. The funds will be allocated to legal, accounting, and general working capital needs, with all issued securities subject to a four-month holding period.
This private placement is a significant milestone, underscoring the company's commitment to advancing its mining projects. The transaction remains subject to final approval from the TSX Venture Exchange.
For more updates on junior mining and critical minerals, follow Mining Central!
Comentarios