Goldrea to close $433,746 first tranche of financing

Executive Summary

• Goldrea Resources Corp. closed the first tranche of an oversubscribed non‑brokered private placement, selling 24,097,000 units for gross proceeds of $433,746.
• Each unit consists of one common share and one full‑share purchase warrant (exercise price $0.05, three‑year term).
• Proceeds will fund mineral property exploration and general administrative expenses; securities are subject to a four‑month hold period.

Key Details

• Units sold: 24,097,000 units at $1.80 per unit.
• Gross proceeds: $433,746.
• Unit composition: 1 common share + 1 full common share purchase warrant (exercise price $0.05, exercisable for three years).
• Finder’s fees: $7,164 in cash plus issuance of 160,000 warrants.
• Use of proceeds: Exploration of mineral properties and general administrative expenses.
• Hold period: All securities issued under the placement are subject to a four‑month hold.

Notable Quotes

(No executive quotes provided in the release.)