East Asia Minerals Corporation: Sale of 50% of Sangihe Gold Corporation (Which Holds an Interest in the Sangihe Gold Project in Indonesia)
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/07/15 -- East Asia Minerals Corporation (the "Company") (TSX VENTURE: EAS) wishes to announce that it has entered into a Definitive Agreement with Pt. Arsinali, a corporation based in Indonesia, effective as of July 3, 2015. The Definitive Agreement provides for the sale of 50% the Company's interests in Sangihe Gold Corporation, which holds a 70% interest in PT Tamang Mas Sangihe, an Indonesian company holding the company's interests in the Sangihe project in North Sulawesi, Indonesia (the "Agreement"). The Agreement is subject to TSX Venture Exchange approval.
Terms
Pt. Arsinali is a high profile Indonesian company currently involved in numerous investment projects throughout the country of Indonesia.
Through the acquisition of a 50% equity interest in the Company's interests in the Sangihe project, the Company will be able to continue to develop the Sangihe Gold project in North Sulawesi. The Company has obtained a 43-101technical report on the Sangihe project in 2010.
EAST ASIA MINERALS CORPORATION
Per: Edward Rochette, CEO and Director
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.
Contacts:
East Asia Minerals Corporation
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Datum: 07.07.2015 - 22:08 Uhr
Sprache: Deutsch
News-ID 405314
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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