09:48 AM EST - East Africa Metals Inc. : Announced the closing of a $2-million private placement with Luck Sky Resources Investment Limited, under which the Company issued 7,700,000 units at a price of $0.26 per unit, for gross proceeds of $2,002,000. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.45 for a period of 24 months from the date of closing. East Africa Metals Inc.
shares V.EAM are trading up $0.035 at $0.31.
