SOURCE: East Africa Metals
June 24, 2016 16:00 ET
VANCOUVER, BC–(Marketwired – June 24, 2016) – East Africa Metals Inc. (TSX VENTURE: EAM) (“East Africa” or the “Company”) announces voting results from its Annual Meeting of Shareholders held today in Vancouver, BC.
A total of 46.2 million common shares, representing approximately 44.96% of the Company’s issued and outstanding common shares, were voted in connection with the meeting. East Africa shareholders voted overwhelmingly in favour of all items of business, including the election of each director nominee as follows:
Dr. Jingbin Wang 99.86%
Mr. Andrew Lee Smith 99.72%
Dr. Antony Harwood 99.95%
Dr. Zhijun He 99.87%
Mr. Sean Waller 99.95%
Mr. David Parsons 99.95%
East Africa shareholders voted 99.79% in favour to appoint PricewaterhouseCooper LLP as auditors and 99.28% in favour of issuing shares in lieu of bonuses.
About East Africa Metals
The Company’s principal assets and interests include both the 70%-owned Harvest polymetallic VMS exploration Project, which hosts the Terakimti Deposit and which covers approximately 86 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa, and the Adyabo Project, hosting the Mato Bula trend Adyabo Resource, covering 225 square kilometres immediately west of the Harvest Project. The Company owns 80% of the Adyabo Project, and upon execution of a net smelter return agreement the Company will own 100% of the Adyabo Project, subject to a 2% NSR. East Africa now has mineral resources defined at both projects in Ethiopia and plans to continue to test priority targets. Additionally, the Company owns the 93 square kilometre Handeni Property located in north-eastern Tanzania. Handeni includes the Magambazi Project, a gold deposit discovered in 2009. East Africa has entered into a definitive agreement with an arm’s length private exploration and development company to advance the project.
Additional information about East Africa can be viewed at the Company’s website at www.eastafricametals.com or at www.sedar.com.
On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo.
Neither the 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 news release.