Goldsource Mines Announces $250,000 Private Placement
December 02 2013 - 7:00AM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX
VENTURE:GXS)(FRANKFURT:G5M) announces that further to its joint news release on
November 26, 2013 with Eagle Mountain Gold Corp. ("Eagle Mountain") regarding
the companies' proposed business combination, it is arranging a private
placement of up to 2,083,334 units at a price of $0.12 per unit for gross
proceeds of up to $250,000. Each unit will consist of one common share of
Goldsource and one-half of a warrant of Goldsource, with each whole warrant
being exercisable for one common share of Goldsource at a price of $0.20 per
share for a 24-month term.
Net proceeds from the private placement will be used for general working capital
purposes. Certain of Goldsource's insiders may participate in the private
placement. The private placement is subject to regulatory approval and resale of
the shares will be subject to a hold period of four months and one day following
the closing date of the private placement.
The exchange ratio for the proposed business combination between Goldsource and
Eagle Mountain will be adjusted to account for the private placement when
completed.
NO U.S. REGISTRATION
The securities referred to in this press release have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or applicable state securities laws, and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons (as such term is defined in Regulation S under the U.S. Securities Act)
unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration requirements is available. This
press release does not constitute an offer to sell or a solicitation of an offer
to buy any of these securities within any jurisdiction, including the United
States.
J. Scott Drever, President
GOLDSOURCE MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Goldsource Mines Inc.
Fred Cooper
(604) 694-1760
Toll Free: 1-866-691-1760 (Canada & USA)
(604) 694-1761 (FAX)
info@goldsourcemines.com
www.goldsourcemines.com
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