M&A

East Africa Metals onto a winner

TSX-listed explorer East Africa Metals signs MoU with Luck Winner to develop Ethiopia projects

Staff reporter
 I spot a deal: East Africa Metals has dealt with Hong Kong before but has now got itself a hefty MoU with Luck Winner

I spot a deal: East Africa Metals has dealt with Hong Kong before but has now got itself a hefty MoU with Luck Winner

A memorandum of understanding will see the explorer issue C$13.55 million (US$10.8 million) in shares to Hong Kong investment firm Luck Winner, and the investor handing over a six-month $2 million loan...

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