Vancouver, British Columbia, April 4, 2017. East Asia Minerals Corporation (“East Asia” or the “Company”). (TSXV:EAS) (the “Company”) is pleased to announce the appointment of Scott Davis as Chief Financial Officer (“CFO”) who replaces Michael Nayyar who has resigned to pursue other opportunities.
Mr. Davis, CPA, CA, is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for public companies. His experience includes CFO positions at several companies listed on the TSXV and CSE and senior management positions, including Appleby as an Assistant Financial Controller, Davidson & Company LLP as an Auditor, and Pacific Opportunity Capital Ltd. as Accounting Manager.
CEO, Terry Filbert, said, “I am delighted to have someone of Scott’s experience and expertise join our Company. He has a depth of experience working with similar publicly-listed companies and I believe he will complement our team in our efforts to move the Company forward.”
The Company also announces that it has granted an aggregate amount of 600,000 stock options to employees, consultants and independent directors of the company in accordance of the provisions of the company’s stock option plan, subject to approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of $0.20 for a five-year period.
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.