Goldrea's China Loan Agreement
April 12, 2012 - Vancouver, British Columbia
Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pink Sheets-GORAF) (“Goldrea” or the “Company”) is pleased to announce that it has entered into a loan agreement with three individual lenders to loan the Company the total sum of Rmb 1,200,000 (approximately CDN $200,000) at 11% interest per annum repayable in 18 months from the date of advance of funds. The Company has agreed to issue one million shares of its common shares subject to a four month and one day hold period as a bonus for granting the loan.
The funds will be used by the Company for corporate working capital and to maintain the Company’s mining operations in Rushan China. The loan agreement is subject to the acceptance of the TSX Venture Exchange.
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.
This message was sent to .com from:
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, CROWREA, DOBBIN I, FLAP, EMPRESS, UNGAVA and BX CLAIMS 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. |