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

Executive Summary

• Goldrea Resources Corp. closed the second tranche of its oversubscribed private placement, selling 7,834,000 flow‑through units for gross proceeds of $188,016.
• Each unit consists of one common share and half of a share purchase warrant (exercise price $0.05, three‑year term); finder fees paid in cash ($8,961.60) and 52,500 warrants issued.
• Proceeds will be used to finance exploration of Goldrea’s mineral properties in the Golden Triangle, BC; securities are subject to a four‑month hold period.

Key Details

• Units sold: 7,834,000 flow‑through units (2.4 ¢ per unit).
• Gross proceeds: $188,016.
• Unit composition: 1 common share + ½ warrant; warrant exercise price $0.05, three‑year expiry.
• Finder fee payment: $8,961.60 cash plus issuance of 52,500 warrants.
• Insider subscription: $12,000 of units purchased by insiders; exempt from formal valuation/minority approval under MI 61‑101 because the amount is <25 % of market cap.
• Use of proceeds: Fund exploration activities on Goldrea’s mineral properties in British Columbia’s Golden Triangle.
• Holding period: All securities issued are subject to a four‑month hold restriction.

Notable Quotes

(No CEO/President quotes provided in the release.)