2022-06-08 16:34 ET - News Release
Mr. James Elbert reports
GOLDREA AMENDS TERMS OF PRIVATE PLACEMENT
Goldrea Resources Corp. has amended the terms of its non-brokered private placement previously announced on May 3, 2022.
The company will be offering the following securities for the private placement:
- Up to 12 million flow-through units at five cents each, with each flow-through unit consisting of one flow-through common share, and one warrant that entitles the holder to purchase one non-flow-through common share at eight cents during the two years following the warrant's issuance;
- Up to 10 million non-flow-through units 3.5 cents each, with each unit consisting of one common share, and one warrant that entitles the holder to purchase one common share at six cents during the two years following the warrant's issuance.
The gross proceeds from the private placement will be used to finance IP (induced polarization) surveys and diamond drilling on the company's Cannonball property in Northern British Columbia's Golden Triangle and for administrative expenses. All securities issued under the private placements will be subject to a four-month hold. A finder's fee may be paid in connection with the financing.