EAST AFRICA METALS INC. ("EAM")
[formerly: East Africa Metals Inc. ("EAM"),
Tigray Resources Inc. ("TIG")]
BULLETIN TYPE: Plan of Arrangement-Change in share type/classification or other attributes, Delist
BULLETIN DATE: May 7, 2014
TSX Venture Tier 2 Companies
Pursuant to special resolutions passed by the shareholders of Tigray Resources Inc. ('Tigray') on April 30, 2014, East Africa Metals Inc. ('East Africa'), and Tigray have completed a plan of arrangement under Section 192 of the Canada Business Corporation Act. The Plan of Arrangement has been completed on May 6, 2014, and has resulted in East Africa acquiring all the issued and outstanding shares of Tigray. Under the plan of arrangement, shareholders of Tigray received 0.55 of an East Africa common share and 0.40 of a common share purchase warrant of East Africa (each whole warrant, an 'East Africa Warrant') for each common share of Tigray held. Each East Africa Warrant will entitle the shareholder to purchase one common share of East Africa at a price of $0.23 for a period of three years from the closing date.
Post - Arrangement:
Capitalization: Unlimited shares with no par value of which
101,699,661 shares are issued and outstanding
Escrow: nil shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: EAM (unchanged)
CUSIP Number: 270410103 (unchanged)
Delist:
Effective at the close of business, Wednesday, May 7, 2014, the common shares of Tigray Resources Inc. will be delisted from TSX Venture Exchange at the request of the Company.
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