# Equatorial Mining & Exploration to acquire Eastinco Limited

Equatorial Mining & Exploration PLC signed a share purchase agreement on 31 May 2019 to acquire Eastinco Limited, a Rwandan mining company, for an initial consideration of £900,000 in shares and loan notes plus deferred consideration of up to £8.1 million.

- Type: Acquisition
- Announced: 2019-06-03
- Where: Rwanda
- Value: $1.14M (900K GBP)
- Status: announced
- Products: coltan ore
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Equatorial Mining & Exploration](https://endata.com/companies/39747.md) (acquirer)
- [Eastinco Limited](https://endata.com/companies/39748.md) (target)
- [Musasa Mining Limited](https://endata.com/companies/39749.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/aterian--atn/signed-spa-proposed-fundraise-convening-of-gm/5680452), 2019-06-03: "The Directors of EME are pleased to announce that on 31 May 2019 the Company entered into an agreement to acquire the issued and outstanding shares of Eastinco Limited"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.