NEWS - EAS arranges $10 Million financingEast Asia Minerals arranges $10-million financing2011-10-07 14:56 ET - News ReleaseEAST ASIA ANNOUNCES $10,000,000 PRIVATE PLACEMENTEast Asia Minerals Corp. has entered into private placements for the sale of 20 million units at 50 cents per unit for a total of $10-million, where each unit consists of one common share of the company and one non-transferable share purchase warrant having a two-year term for the purchase of one further common share of the company at the exercise price of 78 cents per common share.The company shall use the proceeds of the offering for general working capital.A finder's fee of cash or warrants, or a combination of both, will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.This private placement is subject to approval by the TSX Venture Exchange.