GOLD Reach Resources Ltd. Announces up to $200,000 Non-Brokered Private Placement
GOLD REACH RESOURCES LTD. ANNOUNCES
UP TO $200,000 NON-BROKERED PRIVATE PLACEMENT
September 12 , 2017 : Vancouver, British Columbia : Gold Reach Resources Ltd. (the “Company”)
(GRV: TSX-V) announces it has arranged a non-brokered private placement offering (the “Offering”) of up
to 1,333,333 units (“Units”) at a price of $0.15 per Unit raising gross proceeds of $ 200,000. Each U nit is
comprised of one common share of the Company and one-half of one common share purchase warrant
(“Warrant”). Each whole warrant entitles the holder thereof to purchase one common share of the
Company for 36 months at an exercise price of $0.22 per share after the closing date of the Offering.
Each Warrant will be subject to accelerated expiry provisions which provide that if at any time after the
date of closing of the Offering, the Company’s common shares trade on the TSX Venture Exchange at or
above a weighted average trading price of $0.40 per share for 10 consecutive trading days the Company
may give notice to th e holders that each Warrant will expire 30 days from th e date of providing such
notice if the Warrant has not been duly exercised by the holder.
The proceeds of the private placement will be used to further advance the Company’s Ootsa project and
for general working capital
The Company may issue finder’s fees in connection with this Offering.
The Offering and finder’s fees are subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shane Ebert”
President & CEO
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement: The Company relies upon litigation protection for “forward-looking statements.” The Company undertakes
no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should
change.