East Africa Metals Expands Financing and Grants Options

East Africa Metals (TSE:EAM) has released an update.

East Africa Metals Inc. has announced an extension for the closing of its non-brokered private placement, aiming to raise CAD$1 million through the sale of 10 million units at CAD$0.10 each, with additional share purchase warrants attached. The company has also granted 1.2 million stock options to directors, with these options being exercisable at CAD$0.20 per share until May 2029. The proceeds from the private placement will bolster the company’s general corporate and working capital.

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