Non Brokered Private Placement – Flow Through Units @$0.15
October 18, 2007
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") announces a non brokered private placement of up to 3,000,000 Units comprised of one Flow Through Share at $0.15 and one Non Flow Share Purchase Warrant. Each two Share Purchase Warrants will entitle the holder to purchase one additional share at $0.25 for a period of one year from closing.
Proceeds from this private placement will be used to fund ongoing exploration and development plans for the Seel and Ox Lake properties.
A finder’s fee will be payable on the private placement.
The private placement and related finder’s fees are subject to TSX-V Exchange approval.
Gold Reach Resources is a Canadian exploration company actively involved in the exploration of the Seel and Ox Lake properties a 17,149.5 hectare copper-gold-molybdenum project located 120 kilolmetres south of Houston, BC and eight kilometres to the east of the producing copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
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