EAST ASIA MINERALS CORPORATION ("EAS") BULLETIN TYPE: Warrant Price Amendment BULLETIN DATE: July 24, 2017 TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement:
# of Warrants: 5,594,053 (post-consolidation) Expiry Date of Warrants: December 9, 2019 (976,493 warrants) March 10, 2020 (4,617,500 warrants) Forced Exercise Provision: If the closing price for the Company's shares is $0.60 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Exercise Price of Warrants: $1.00 (post-consolidated price) New Exercise Price of Warrants: $0.50
These warrants were issued pursuant to a private placement of 5,594,053 shares with 5,594,053 share purchase warrants (post-consolidation) attached, which was accepted for filing by the Exchange effective December 5, 2014 and March 10, 2015. ________________________________________
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