RE:RE:RE:RE:RE: East asia bout to burst..Tanks Morningstar ....Volumes (4 400 000 - 1 500 500 ) = 2 899 500 Not really interesting ......
The latest news on sedi (05/05/2015) says this ....look yourself !!!
- ( MIWAH PROJECT ) The Company has written off its Miwah project
Further significant factors include the inability to obtain a forestry reclassification for the Miwah project for the near term and the suspension of further drilling activities for an
indefinite period.
--(Tangse Porphyry Project ) For reasons similar to the Company’s Miwah project, the Company has also written off its Tangse project
-(Mongolian Projects) During the six months ended February 28, 2015, no material exploration activities were conducted on the Mongolian properties.
On December 10, 2012, the Company entered into a Conditional Sales and Purchase Agreement (“CSPA”) with a private
Mongolian company whereby the private Mongolian company has agreed to purchase the Company’s 100% equity interest in
EAM Exploration LLC and EAM Teshig LLC. As per the terms of the CSPA, the private Mongolian company will pay the
Company a total of US$170,000 (equivalent to approximately $184,297 CAD). An additional agreement was also signed with this
company to reimburse up to USD$120,000 (equivalent to approximately $130,092 CAD) of operational and exploration costs
during the transfer of title process.
As at February 28, 2015, the share transfer has not yet finalized as the Company has not received any purchase proceeds from the
purchasing party and is in involved in continued negotiations for these payments under the terms of the CSPA.