Vancouver, British Columbia, March 16, 2017. East Asia Minerals Corporation (“East Asia” or the “Company”). (TSXV:EAS) (the “Company”) announces that effective March 17, 2017, the Corporation will consolidate its common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidation common shares held (the “Consolidation”). The consolidated common shares of the Corporation will commence trading on the TSX Venture Exchange on March 17, 2017.
The Consolidation was approved by the shareholders at the Corporation’s Special Meeting held on March 6, 2017. As of date hereof, the Corporation has 262,679,439 common shares issued and outstanding and the Corporation will have approximately 26,267,973 common shares issued and outstanding post-consolidation. The Corporation’s new CUSIP number is 270541303 and new ISIN number is CA2705413037.
A Letter of Transmittal with respect to the Consolidation will be mailed to the shareholders of the Corporation.
All shareholders will be required to send their respective certificates representing the pre- consolidated common shares along with a properly completed Letter of Transmittal to the Corporation’s transfer agent, Computershare Investor Services Inc. (“Computershare”), in Vancouver, British Columbia, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253 or by e-mail to firstname.lastname@example.org). All shareholders who submit a duly completed Letter of Transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post-consolidated common share certificate.
This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its content.
East Asia Minerals Corporation
Terry Filbert, Chairman & CEO
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds and the results of financing efforts – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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.