Goldrea closes $210,500 first tranche of financing

Mar 13, 2025

2025-03-12 15:05 ET – News Release

Mr. James Elbert reports

GOLDREA CLOSES FIRST TRANCHE OF PRIVATE PLACEMENTS

Goldrea Resources Corp. has closed the first tranche of its non-brokered private placement of 1.6-cent flow-through units and 1.4-cent units, subject to acceptance by regulatory authorities. The company has sold 7,075,000 flow-through units and 6.95 million units for gross proceeds of $210,500.

Each 1.6-cent flow-through unit will comprise 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. The company’s insiders have purchased 800,000 flow-through units. Each 1.4-cent unit will comprise one common share and one full common share purchase warrant with an exercise price of five cents for a period of three years.

The proceeds of the private placement will be used to finance the exploration of the company’s mineral properties and for general administration expenses. All securities issued under the private placements will have a four-month hold. A finder’s fee may be paid in connection with the financings.

We seek Safe Harbor.

https://goldrea.com/