Mr. James Elbert reports
Goldrea Resources Corp. has arranged a non-brokered 10-cent unit private placement of up to seven million units and up to $700,000 in gross proceeds. Each unit will be composed of one common share and one-half of a common share purchase warrant with an exercise price of 20 cents for a period of one year. The gross proceeds will be used for general administration expenses, for possible further advancement of currently held properties, and for acquisition or related costs of future projects. All securities issued under the private placement will be subject to a four-month hold. A finder's fee may be paid in connection with the financing.
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