Goldrea Resources Corp. (“Goldrea” or the “Company”) will be conducting a non-brokered private placement of 11,430,000 units at $0.035 each, for gross proceeds of up to $400,050.
Each unit will be comprised of one common share and a full common share purchase warrant with an exercise price of $0.06 for a period of two years. The gross proceeds will be used for general administration expenses, further advancement of currently held properties and for acquisition or related costs of future projects. All securities issued under the private placement will be subject to a four-month hold. A finder’s fee may be paid in connection with the financing.
Jim Elbert, President and CEO of Goldrea, states: “The current gold market action in combination with the quality work Goldrea has accomplished gives us confidence in the excellent prospects for now identified targets for the coming seasons. These consistently solid results over the last three plus years make the basis for a significant program to determine the extent of discoveries we anticipate. A summary of field work the Goldrea team completed in 2022 will be forthcoming which supports and advance our suppositions on these gold/copper targets located in the heart of the Golden Triangle, BC.”
For more information, please contact:
James Elbert, President and CEO
Telephone: (604) 559-7230
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.