Goldrea Resources Corp V.GOR

Primary Symbol: C.GOR Alternate Symbol(s): GORAF

Metals & Mining Industrial Metals & Minerals

Goldrea Resources Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. Its mineral prospects focus on gold, copper, silver, platinum, palladium, molybdenum, and iron as the major metals of interest. The Company holds interests in one resource property in British Columbia, the Cannonball Property. It holds a 100% interest in Cannonball Property, which covers 1510 hectares (ha), and is located approximately 15 kilometers northeast of the former Snip mine in the Iskut River district of northwestern British Columbia. The Company’s Adrian Property covers approximately 2,269 ha of mineral claims which adjoin the northern boundary of its Cannonball Project. Its other properties include Link Property and King Property. It also owns a 100% interest in two mineral tenures in the Golden Triangle of northern British Columbia. The two claim tenures cover about 71 ha that adjoin the west side of Goldrea's Cannonball property.

CSE:GOR - Post by User

Goldrea Resources Corp

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Post by ShockEmon Nov 09, 2010 1:16pm

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Post# 17681239

News

Goldrea Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) - Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") announces that the Company has closed its Private Placement announced in its news release dated October 13, 2010.

The total amount raised pursuant to the private placement was $475,080 which was comprised of 7,918,000 units ("Units") at a price of
.06 per Unit.

Each Unit is comprised of one common share in the capital of the Company (a "Share") plus a two year share purchase warrant (a "Warrant). Each Warrant entitles the holder to purchase one common share at a price of
.10 per share at any time up to 5:00 pm (Vancouver Time) on November 5, 2012. All of the securities issued pursuant to the private placement have a hold period expiring four months and one day after the closing date.

The proceeds of the private placement will be used for general working capital. The Company has paid finder's fees totaling $27,828 and issued 128,000 broker warrants, in connection with the private placement.

About Goldrea Resources Corp:

Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and China.

GOLDREA RESOURCES CORP.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

FOR FURTHER INFORMATION PLEASE CONTACT:
Goldrea Resources Corp.
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
604-531-9634(FAX)
info@goldrea.com
www.goldrea.com

Source: marketwire

Goldrea Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) - Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") announces that the Company has closed its Private Placement announced in its news release dated October 13, 2010.

The total amount raised pursuant to the private placement was $475,080 which was comprised of 7,918,000 units ("Units") at a price of
.06 per Unit.

Each Unit is comprised of one common share in the capital of the Company (a "Share") plus a two year share purchase warrant (a "Warrant). Each Warrant entitles the holder to purchase one common share at a price of
.10 per share at any time up to 5:00 pm (Vancouver Time) on November 5, 2012. All of the securities issued pursuant to the private placement have a hold period expiring four months and one day after the closing date.

The proceeds of the private placement will be used for general working capital. The Company has paid finder's fees totaling $27,828 and issued 128,000 broker warrants, in connection with the private placement.

About Goldrea Resources Corp:

Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and China.

GOLDREA RESOURCES CORP.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

FOR FURTHER INFORMATION PLEASE CONTACT:
Goldrea Resources Corp.
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
604-531-9634(FAX)
info@goldrea.com
www.goldrea.com

Source: marketwire

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