/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TSX-V: GXS FWB: G5M
VANCOUVER, Dec. 31, 2014 /CNW/ - Goldsource Mines Inc.
("Goldsource" or the "Company") is pleased to announce the
completion of the second and final tranche of the private placement
announced in its news release on December 9, 2014. The
Company issued in the second tranche 2,685,000 units at a price of
$0.15 per unit for gross proceeds of
$402,750. Each unit consisted
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 $0.25 per share for a term of 3 years. The
shares and warrants issued under the second tranche and the shares
issuable upon exercise of these warrants are subject to a hold
period that expires on May 1,
2015.
Gross proceeds from both tranches total $7,070,725 through the sale of 47,138,166
units. Finders' fees are payable to certain finders in the
amount of $12,660. Proceeds from the
private placement will be used to fund all development and capital
costs for Phase I mine and processing plant construction for
the Company's Eagle Mountain Gold Project.
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 any applicable securities laws of any state of
the United States, 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) or persons in the United States unless registered under the
U.S. Securities Act and any applicable securities laws
of the United States 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.
ABOUT GOLDSOURCE MINES INC.
Goldsource Mines Inc.
(www.goldsourcemines.com) is a Canadian resource company that is
aggressively progressing its advanced-stage, 100%-owned Eagle
Mountain Gold Project in Guyana
towards initial staged production in 2015. Goldsource is led by an
experienced management team, proven in making exploration
discoveries, achieving construction on time and budget, and
fasttracking production.
Ioannis (Yannis)
Tsitos
President &
Director
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.
SOURCE Goldsource Mines Inc.
