Goldrea Closes Private Placement
March 28, 2011 - Vancouver, British Columbia
Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pink Sheets-GORAF) (�Goldrea� or the �Company�) is pleased to announce that the Company has closed its Non-Brokered Private Placement announced in its news release dated on March 23, 2011.
The total amount raised pursuant to the private placement was $100,000 which was comprised of 1,000,000 units at a price of $0.10 per unit (�Units�).
Each Unit is comprised of one common share in the capital of the Company (a �Share�) plus a two year share purchase warrant (a �Warrant). Each Warrant entitles the holder to purchase one common share at a price of $0.16 per share at any time up to 5:00 pm (Vancouver time) on March 25, 2013. All of the securities issued pursuant to this offering will have a hold period expiring four months and one day after the closing date.
The proceeds of the private placement will be used towards general working capital. The Company has paid finders fees totaling $10,000 in connection with the private placement
About Goldrea Resources Corp:
Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and China.
GOLDREA RESOURCES CORP.
Larry W. Reaugh,
President and Chief Executive Officer
Information Contact
Larry W. Reaugh
President and Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@goldrea.com
www.goldrea.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.goldrea.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.
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The Reaugh Group | 2a 15782 Marine Drive | White Rock, BC V4B 1E6, Canada |
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Goldrea Resources Corp.
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EXPLORATION STAGE |
CODE : GOR.V |
ISIN : CA3814281018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Goldrea Resources is a gold producing company based in Canada. Goldrea Resources holds various exploration projects in Canada and in China. Its main exploration properties are DOBBIN II, DOBBIN I, CROWREA, FLAP, EMPRESS, BX CLAIMS and UNGAVA in Canada and DAYE in China. Goldrea Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 753 800 as of today (US$ 691 536, € 516 093). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.85, and its lowest recent point on July 30, 2014 at CA$ 0.01. Goldrea Resources has 75 380 000 shares outstanding. |