Goldrea Resources firms up Tabu Equity deal

Goldrea Resources Corp. (GOR:CNX) has signed an amalgamation agreement with Tabu Equity Investments. The terms of the Agreement will include the entirety of Tabu’s outstanding twenty-seven million shares on a one for one basis with Goldrea, to be taken out of Goldrea’s treasury shares. Goldrea will acquire all of Tabu’s assets, including all contracts complete and pending. Tabu is responsible for raising a minimum of one million dollars of investment as operating funds to launch various projects Tabu has in play.

Given the successful passing of cannabis legislation in Parliament’s Senate, a positive environment exists as final passage is expected in the House of Commons in the near months. This timing works well for the merging of Goldrea and Tabu in anticipation of final approval of the Amalgamation subject to shareholders and the Exchange. Next year’s cannabis industry in Canada is estimated to be more than four billion dollars and 2020 is projected to be over six billion. Goldrea’s goal is to ethically embrace this opportunity and explore the varied benefits cannabis can offer.

Jim Elbert, President and CEO of Goldrea states, “We are looking forward with the partnering with the vibrant team of Tabu, and their wide swath of contacts and working associations in the cannabis industry. Tabu’s business plan, which is aggressive in penetrating this burgeoning sector, can be accelerated under the umbrella of the public company of Goldrea, expanding exposure both nationally and internationally.”

In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.