GOLDREA ANNOUNCES $400,000 PRIVATE PLACEMENT
Goldrea Resources Corp. has arranged a non-brokered private placement to raise up to $400,000 with the offering of: up to 8,333,333 flow-through (FT) units at 2.4 cents each, with each FT unit composed of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with an exercise price of five cents for a period of three years; and up to 11,111,111 units at 1.8 cents each, with each unit composed of one common share and one full common share purchase warrant, with an exercise price of five cents for a period of three years.
Proceeds from the private placement will be used to finance the exploration program, as well as to finance general administration expenses. All securities sold under the private placement will be subject to a four-month hold period. Finders’ fees may be paid in connection with the offering.