GOLD Reach Announces Completion of $200,500 Non Brokered Private Placement
GOLD REACH ANNOUNCES COMPLETION
OF $200,500 NON BROKERED PRIVATE PLACEMENT
October 27, 2017, Vancouver, British Columbia - Gold Reach Resources Ltd. (the “Company”) (TSX-V:GRV)
announces that the Company has closed its non-brokered private placement and has issued 1,336,666, units at a
purchase price of $0.15 per unit for gross proceeds of $200,500.
Each unit consists of one common share of the Company one non-transferable common share purchase warrant.
Each warrant will entitle the holder to acquire an additional common share of the Company at an exercise price
of $0.22 per share for a period of 3 years from the closing date of the private p lacement. If the Company’s
common shares trade at or above a weighted average price of $ 0.40 per share for 10 consecutive trading days,
the Company may give notice that each warrant may expire in 30 days.
The proceeds of the financing will be used to continue exploration on its British Columbia property and for
general working capital.
In compliance w ith Canadian securities laws, all of the securities issued in connection with this closing are
subject to a hold period expiring on February 28, 2018.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shane Ebert”
President and Chief Executive Officer
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
http://goldreachresources.com
Or
Don Mosher
Corporate Development
Telephone: 604-685-6465
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward -looking statements, which relate to future events. In some cases, you can identify forward -
looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or t he negative of these terms
or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and
other factors that may cause the Company’s actual results, level of activity, performance or achievemen ts to be materially different
from any future results, levels of activity, performance, or achievements expressed or implied by these forward -looking-statements.
Such uncertainties and risks may include, among others, that the Offering will not complete, a ctual results of the Company's
exploration activities being different than those expected by management, delays in obtaining or failure to obtain required g overnment
or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis,
equipment breakdown and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are
made in good faith and reflect the Company's current judgment regarding the direct ion of its business, actual results will almost
always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance sugg ests
herein. Except as required by applicable law, the Company does not intend to u pdate any forward -looking statements to conform
these statements to actual results.