Gold Reach Arranges Non-Brokered Private Placement
January 4, 2010
Vancouver B.C.: Gold Reach Resources Ltd (“Company”) (GRV: TSX-V) is pleased to announce that it has negotiated a non-brokered private placement of 400,000 Units at a price of $0.23 per Unit, for total gross proceeds of $92,000. Each Unit will consist of one common share and one share purchase warrant exercisable into an additional common share at a price of $0.25 for a two year period from the date of closing. The private placement is subject to TSX approval.
The proceeds will be used for general working capital purposes and to further advance the Company’s exploration projects. No finder’s fee is payable for the transaction.
About Gold Reach Resources
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 kilometres south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact: 604-718-5454
Safe Harbour Statement: The Company relies upon litigation protection for “forward looking statements.”
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