Goldrea Resources arranges $400,000 private placement

Executive Summary

• Goldrea Resources Corp. announced a non‑brokered private placement to raise up to $400,000.
• The offering consists of two series of flow‑through units priced at 2.4 cents and 1.8 cents per unit, each including common shares and warrants with a 5‑cent exercise price for three years.
• Proceeds will fund the company’s exploration program and general administration expenses; all securities are subject to a four‑month hold period.

Key Details

• Maximum Offering Size: $400,000.
• Series A Units: Up to 8,333,333 flow‑through (FT) units at $0.024 per unit. Each FT unit = 1 FT common share + ½ non‑flow‑through common share purchase warrant (exercise price $0.05, three‑year term).
• Series B Units: Up to 11,111,111 units at $0.018 per unit. Each unit = 1 common share + 1 full common share purchase warrant (exercise price $0.05, three‑year term).
• Use of Proceeds: Finance exploration program and general administration expenses.
• Holding Period: All securities sold are subject to a four‑month hold period.
• Finders’ Fees: May be paid in connection with the offering.

Notable Quotes

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