Goldrea Announces Non-Brokered Private Placement

Rhea-AI Summary

Goldrea Resources (OTC: GORAF) announced a non-brokered private placement to raise up to $600,000 through two tranches: up to 6,818,181 flow-through units at $0.044 and up to 10,000,000 units at $0.03.

Each FT Unit includes one flow-through share and half a warrant; each Unit includes one share and one warrant, warrants exercisable at $0.06 for two years. Proceeds will fund exploration and general admin. All securities have a four-month hold. A NI 43-101 technical report covering ~8,500 hectares (including a recent 3,500-hectare claim) is near completion.

Positive

• Financing up to $600,000 to fund exploration and administration
• Offer includes flow-through units to support qualified exploration spending
• Property covers approximately 8,500 hectares, including a 3,500-hectare recent acquisition

Negative

• Potential dilution from up to 16,818,181 new units and attached warrants
• Warrants exercisable at $0.06 expire in two years, limiting long-term capital upside
• Four-month hold period restricts immediate liquidity for new investors

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Goldrea Resources Corp. (CSE: GOR) (FSE: GOJ1) (OTC Pink: GORAF) ("Goldrea" or the "Company") announces a non-brokered private placement to raise up to $600,000 with the offering of:

• up to 6,818,181 flow-through units ("FT Units") at $0.044 each, with each FT Unit composed of one flow-through common share and half of a non-flow-through common share purchase warrant with an exercise price of $0.06 for a period of two years; and

• up to 10,000,000 units ("Units") at $0.03 each, with each Unit composed of one common share and one full common share purchase warrant with an exercise price of $0.06 for a period of two years.

Proceeds from the private placement will be used to finance the Company's exploration program as well as to finance general administration expenses. All securities sold under the private placement will be subject to a four-month hold period. Finders' fees may be paid in connection with the offering.

Goldrea has commissioned a National Instrument 43-101 compliant report about its mineral property in the "Golden Triangle" area of northwestern British Columbia. This report, which is near completion, will provide a roadmap for the Company's work programs for the next two seasons. As Goldrea's property covers an extensive area (approximately 8500 hectares, including a recently acquired mineral claim with 3500 hectares bordering Seabridge's Snip North property), certain areas will be prioritized for specific field work. Details about the upcoming work program will be provided upon publication of the technical report.

Jim Elbert, CEO, states, "Goldrea's holdings in the heart of the Golden Triangle offer a myriad of opportunities for development with multiple attractive targets. We anticipate an active presence in the region this season. Our exceptional growth over the last couple of years shows Goldrea's true valuation which is expected to be reflected in the market. We will stay on the path of developing our assets, while looking for further strategic opportunities as they arise."

For more information, please contact:
James Elbert, President and CEO
Telephone: (604) 559-7230
Email: jelbert@goldrea.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements," which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289950

FAQ

How much is Goldrea (OTC: GORAF) aiming to raise in the March 25, 2026 private placement?

Goldrea is seeking to raise up to $600,000 in a non-brokered private placement. According to the company, the offering splits into flow-through units at $0.044 and units at $0.03, with warrants attached.

What are the terms of the flow-through units and warrants in Goldrea's (GORAF) offering?

Each FT Unit is priced at $0.044 and includes one flow-through share plus half a warrant. According to the company, warrants have a $0.06 exercise price and expire two years from issuance.

How will Goldrea (GORAF) use proceeds from the private placement announced March 25, 2026?

Proceeds will finance the company’s exploration program and general administration expenses. According to the company, funds are intended to support the upcoming field seasons guided by a near-complete NI 43-101 report.

What is the size and significance of Goldrea's property referenced in the March 25, 2026 news release?

Goldrea's property covers roughly 8,500 hectares, including a recent 3,500-hectare claim bordering a known project. According to the company, the NI 43-101 report will prioritize targets across the extensive land package.

Are there any investor restrictions or hold periods for securities from Goldrea's (GORAF) placement?

Yes. Securities issued under the private placement are subject to a four-month hold period. According to the company, this restriction applies to all units sold in the offering and may affect short-term liquidity.

Will Goldrea (GORAF) pay finders' fees for the private placement announced March 25, 2026?

The company indicated that finders' fees may be paid in connection with the offering. According to the company, any such fees would be paid under applicable regulatory rules and announced if applicable.