Goldrea to close $188,016 2nd tranche of financing

Nov 24, 2025

2025-11-24 08:51 ET – News Release

Mr. James Elbert reports

GOLDREA CLOSES SECOND TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT

Goldrea Resources Corp. will be closing a second tranche of its non-brokered oversubscribed private placement of 2.4-cent flow-through units on Dec. 1, 2025, subject to acceptance by regulatory authorities.

The company has sold 7,834,000 flow-through units for gross proceeds of $188,016. Each flow-through unit is composed of one common share and half of a share purchase warrant with an exercise price of five cents for a period of three years. The company will pay $8,961.60 in cash and issue 52,500 warrants for finder fees.

Insiders have subscribed for $12,000 of flow-through units in the offering. Under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, any participation by insiders in a private placement will be considered a related party transaction (as such term is defined in the instrument). However, insider participation in this case is exempt from the formal valuation and minority shareholder approval requirements for related party transactions as neither the fair market value of the flow-through units subscribed for by the insiders nor the consideration for the flow-through units paid by such insiders exceeds 25 per cent of the company’s market capitalization.

The proceeds of the private placement will be used to finance the exploration of the company’s mineral properties located in the Golden Triangle in British Columbia. All securities issued under the private placement will have a four-month hold.

We seek Safe Harbor.

https://goldrea.com/