Goldrea Resources Corp. (“Goldrea” or the “Company”) will be conducting a non-brokered private placement of 10,000,000 flow-through units at $0.06 each, for gross proceeds of up to $600,000. Each unit will be comprised of one flow-through common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one (non flow-through) common share at $0.08 per share during the two years following the warrant’s issuance.
The gross proceeds will be used for exploration activities on the Company’s Cannonball Property in northern BC’s Golden Triangle. 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, states, “Goldrea is embarking on what could be the most rewarding season in the Company’s decades long history of exploration. Our 3779 hectare Cannonball property is sandwiched between Enduro Metals’ Newmont Lake Project and Seabridge Gold’s Iskut Project and covers several historic gold, copper and silver prospects. The results of our 2020 field program returned highly encouraging results [see press release dated October 21, 2020]. Our team is preparing for IP surveys and our first drill program that will test our most attractive targets. This is the first drill season where we can unlock some of the secrets held underground in this very prolific area of North America. The funds raised in the current flow-through financing will be dedicated to this effort.”
For more information, please contact:
James Elbert, President and CEO Telephone: (604) 559-7230 Email: email@example.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.