East Asia Min­er­als reprices 5.59 mil­lion war­rants

Stockwatch Daily - - MINES & METALS - Mr. Terry Fil­bert re­ports

EAST ASIA Min­er­als Corp. has re­ceived ap­proval from the TSX Ven­ture Ex­change to amend the ex­er­cise price of 5,594,053 out­stand­ing com­mon share pur­chase war­rants of the com­pany is­sued to Toc­queville As­set Man­age­ment LP. The war­rants were orig­i­nally is­sued in 2014 and 2015. The ex­er­cise price of the share pur­chase war­rants has been amended from $1 per com­mon share to 50 cents per com­mon share.

In ac­cor­dance with TSX Ven­ture Ex­change Pol­icy 4.1, the war­rants will be sub­ject to a re­duced ex­er­cise term of 30 cal­en­dar days if, for any 10 con­sec­u­tive trad­ing days dur­ing the un­ex­pired term of the war­rants, the clos­ing price of the com­pany’s shares ex­ceeds the trig­ger price of 60 cents. If a war­ran­tholder does not ex­er­cise their war­rants which are sub­ject to the ex­er­cise pe­riod dur­ing the term of the ex­er­cise pe­riod, the war­rants will ex­pire at the end of the ex­er­cise pe­riod.

Scott Chaykin, Terry Fil­bert, Alan James McMil­lan, Kim David Mor­ris Oishi

(EAS) Shares: 53,787,612

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