East West Announces $858,000 Non-Brokered Private Placement

Executive Summary

• East West Minerals Ltd. announced a non-brokered private placement financing of up to 7,800,000 units at $0.11 per unit, raising up to $858,000.
• Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.15 per share for a three-year term.
• Insiders will participate in the financing, with proceeds designated for working capital, subject to a four-month hold period and TSX Venture Exchange regulatory approval.

Key Details

• Financing Structure: Non-brokered private placement
• Quantity: Up to 7,800,000 units
• Price per Unit: $0.11
• Gross Proceeds: Up to $858,000
• Unit Composition: 1 common share + 1/2 common share purchase warrant per unit
• Warrant Exercise Price: $0.15 per common share
• Warrant Term: 3 years from closing
• Use of Proceeds: Working capital
• Insider Participation: Yes
• Hold Period: 4 months for all securities issued in the financing
• Regulatory Requirements: Subject to TSX Venture Exchange acceptance and all necessary regulatory approvals
• Finder's Fees: May be payable

Notable Quotes

• None provided in the release.