Latest news for Goldrea Resources (OTC:GORAF) Stock

Goldrea Resources Corp is engaged in the business of exploration and development of mineral properties and is currently in the exploration stage of its exploration and evaluation assets. The mineral properties of the company are located in geographic regions of Canada, the USA, and Peru, and its corporate assets are located in Canada. The projects of the group located in Canada are Cannonball Property, King property, Adrian Target.

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Goldrea Terminates Private Placement  

GOLDREA RES CORP ORD by Goldrea Resources Inc.

Goldrea Resources Corp

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FRONTERA ENERGY CORP ORD by Frontera Energy Corp

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Mr. Larry W. Reaugh, President &amp; Chief Executive Officer of Goldrea Resources Corp. (GORAF) reports the Company has terminated the previously announced private placement with China Finance Gold International Limited "CFGIL" in the amount of $5,600,000 for 40,000,000 units at $0.14. The termination is the result of CFGIL's failure to advance the balance of the placement. 
CFGIL advanced $250,000 prior to shareholder and regulatory approval. This amount will be settled as a debt settlement at a future date. 
Currently the Company has submitted a budget to a European company specializing in gold certificate loans. Management has estimated the cost of sinking a production shaft capable of raising 1500 TPD, development, raises and stope access work, and completing its earn-in on the Ludi Joint Venture at US$14,237,665.

Goldrea Resources

Mr. Larry W. Reaugh, President & Chief Executive Officer of Goldrea Resources Corp. (GORAF) reports the Company has terminated the previously announced private placement with China Finance Gold International Limited "CFGIL" in the amount of $5,600,000 for 40,000,000 units at $0.14. The termination is the result of CFGIL's failure to advance the balance of the placement. 

CFGIL advanced $250,000 prior to shareholder and regulatory approval. This amount will be settled as a debt settlement at a future date. 

Currently the Company has submitted a budget to a European company specializing in gold certificate loans. Management has estimated the cost of sinking a production shaft capable of raising 1500 TPD, development, raises and stope access work, and completing its earn-in on the Ludi Joint Venture at US$14,237,665. 


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