Gold Reach Resources Ltd. Announces Non-Brokered Flow-Through Private
Placement
June 4, 2008
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V ) is pleased to announce a
non-brokered flow-through private placement (the �Private Placement�) of
1,000,000 common shares at a price of $0.10 per share, raising aggregate
gross proceeds to the Company of $100,000. The common shares will be
issued on a flow-through basis under the Income Tax Act (Canada).
Proceeds from the Private Placement will be used to
fund exploration costs. All shares issued in connection with the
Private Placement will be subject to a minimum four month hold period, as
well as acceptance by the TSX Venture Exchange.
In addition, the Company announces that it will acquire
Abaddon�s 10% of the Seel
Property by issuing 1,000,000 shares to Consolidated Abaddon
Resources Inc. This would bring the Company�s total interest in the Seel Property to 100%. This transaction is subject
to the acceptance by the TSX Venture Exchange.
Subject to regulatory acceptance of the above
transactions, the Company will own a 100% interest in the Seel
Property, subject to a 2% royalty.
About Gold Reach:
Gold Reach Resources Ltd. is a Canadian exploration
company actively involved in the development of the Seel
and Ox Lake projects, a 17,149.5 hectare
copper-gold-molybdenum-silver project located 120 kilometers
south of Houston, BC and eight kilometres east of the producing
copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For further information, please
contact:
Gold Reach Resources
Telephone: 604-718-5454
Toll Free: 888-500-4587
Web: http://www.goldreachresources.com
Safe Harbour Statement: The Company relies upon litigation protection for
�forward-looking statements.�
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
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