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| | February 13, 2012
East Asia Minerals Announces Board Appointment and Option Grant
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| | VANCOUVER, B.C. - Monday, February 13, 2012 - East Asia Minerals Corporation (TSXV-EAS) announces the appointment of Mr. Ed Flood to the Board of Directors. Mr. Flood has over 35 years of experience in international mining and is CEO and Chairman of Concordia Resource Corp. Mr. Flood was previously the Deputy Chairman of Ivanhoe Mines Ltd. and its founding President. Prior to joining Ivanhoe, Mr. Flood was a principal at Robertson Stephens & Co., an investment bank in San Francisco where he was a member of the investment team for the Contrarian Fund, a public mutual fund focused on natural resource development projects around the world. He also served as the Non-Executive Chairman of Byron Capital Markets from 2010 to 2012 and was Managing Director, Investment Banking for Haywood Securities (UK) Ltd. from 2007 to 2010. He holds both a Bachelors and Masters degree in Geology.
The Company also announces the grant of 250,000 incentive stock options at an exercise price of $0.66 per common share exercisable in whole or part on or before five years from February 10, 2012.
About East Asia Minerals Corporation
East Asia Minerals (EAS-TSXV) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns six uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 110,221,582 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact:
Bulgan Orgilsaikhan, Investor Relations Manager
Toronto T: +1-416-309-2895
E: [email protected] |
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