03:17 PM EST - East Africa Metals Inc. : Announced the signing of a binding memorandum of understanding with Luck Winner Investment Limited providing for project development financing of up to $250 million U.S. and a private placement of 52,100,000 units at a price of $0.26 per unit for aggregate gross proceeds of approximately $13,550,000 Canadian. LW has also agreed to provide an unsecured loan to the Company in the amount of $2,000,000 Canadian. East Africa Metals Inc.
shares V.EAM are trading up $0.025 at $0.29.
