Special Meeting of Shareholders - Voting Results
May 11, 2010 - Vancouver, British Columbia
Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pink Sheets-GORAF) (�Goldrea� or the �Company�) announces that at a Special Meeting of Shareholders held Monday, May 10, 2010, the shareholders of the Company, on a disinterested shareholder basis, approved the previously announced financing with China Finance Gold International Investment Limited (�CFGIIL�) of a private placement of up to 40,000,000 units at $0.14 per unit for gross proceeds of $5,600,000. �CFGIIL� is a private investment company with headquarters in Beijing China.
This new capital will enable further development of the Company�s gold properties in Shandong Province, China and importantly this substantial shareholder will bring the benefit of Chinese equity to the Company. The closing of the private placement will result in the creation of a new control person.
This private placement is subject to receipt of final approval by 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
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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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. |