Gold Reach Resources Ltd. Announces Closing of Non-Brokered Flow-Through Private Placement
June 25, 2008
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) is pleased to announce the closing of the non-brokered flow-through private placement (the “Private Placement”) of 1,000,000 common shares at a price of $0.10 per share, raising aggregate gross proceeds to the Company of $100,000. The common shares were issued on a flow-through basis under the Income Tax Act (
The 1,000,000 common shares are subject to a hold period that expires on October 17, 2008. Proceeds from the Private Placement will be used to fund exploration costs.
About Gold Reach:
Gold Reach Resources Ltd. is a Canadian exploration company actively involved in the development of the Seel and Ox Lake projects, a 17,149.5 hectare copper-gold-molybdenum-silver project located 120 kilometers south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For further information, please contact:
Gold Reach Resources
Toll Free: 888-500-4587
Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.”
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