Goldrea Amends Terms of Private Placement

June 8, 2022 – Vancouver, British Columbia CSE:GOR, Frankfurt:GOJ, Pink Sheets:GORAF

Goldrea Resources Corp. (“Goldrea” or the “Company”) is amending the terms of its non-brokered private placement previously announced on May 3, 2022.

The Company will be offering the following securities for the private placement:

    1. up to 12,000,000 flow-through units (“FT Units”) at $0.05 each, with each FT Unit consisting of:
      1. one flow-through common share, and 
      2. one warrant which entitles the holder to purchase one (non-flow-through) common share at $0.08 during the two years following the warrant’s issuance;
    1. up to 10,000,000 non-flow-through units (“Units”) at $0.035 each, with each Unit consisting of: 
      1. one common share, and
      2. one warrant which entitles the holder to purchase one common share at $0.06 during the two years following the warrant’s issuance.

The gross proceeds from the private placement will be used to fund IP surveys and diamond drilling on the Company’s Cannonball Property in northern BC’s Golden Triangle and for administrative expenses. All securities issued under the private placements will be subject to a four-month hold. A finder’s fee may be paid in connection with the financing.

For more information, please contact:

James Elbert, President and CEO 

Telephone: (604) 559-7230
Email: jelbert@goldrea.com 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

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