Oct 2 (Reuters) - East Africa Metals Inc EAM.V
* East Africa Metals enters binding MOU for project financing
* LW has also agreed to provide an unsecured loan to company in amount of C$2 mln
* Announces signing of MOU with luck winner investment limited
* Agreement provides for project development financing of up to US$250 million and private placement of 52.1 million units at price of $0.26/ unit
* MOU with LW contemplates that a joint venture company ("JVCo") will be formed, with 70% owned by LW and 30% owned by East Africa