/EINPresswire.com/ -- VANCOUVER, BC--(Marketwired - January 17, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") East Africa announces that SinoTech (Hong Kong) Corporation Limited, an insider of the Company, has agreed to provide an unsecured loan to the Company in the amount of $500,000 at an interest rate of 12% per annum. East Africa understands that the Shandong Tyan Home Co., Ltd financing is in its final regulatory approval process. East Africa now has mineral resources defined at both projects in Ethiopia and plans to continue to test priority targets. East Africa has entered into a definitive agreement with an arm's length private exploration and development Company to advance the project. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.

Source: Ethiopian News January 17, 2017 22:09 UTC