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BRIEF-East Africa Metals enters binding MOU for project financing
2017年10月2日 / 早上7点29分 / 21 天前

BRIEF-East Africa Metals enters binding MOU for project financing

Oct 2 (Reuters) - East Africa Metals Inc

* 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 Source text for Eikon: Further company coverage:

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