Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

For Clues On The Economy, Follow The Money
By: Dave Kranzler

Zinc One Announces Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project, Peru
By: Zinc One Resources Inc.

Yet Another Reason The Tax Bill Stinks
By: Rick Ackerman

Gold Seeker Closing Report: Gold and Silver Trade Mixed With Stocks
By: Chris Mullen, Gold Seeker Report

Gold And Cryptos Destroy Fiat
By: Stewart Thomson

Mike's New Crypto Documentary And Large Silver Purchase
By: Mike Maloney

CPM Group’s Jeff Christian Responds “NEGATIVELY” To The SRSrocco Report On Silver Investment Demand
By: Steve St. Angelo

Low Silver Price Creating Buying Opportunities; SilverCrest Preparing for Maiden Resource
By: Nicholas LePan, SilverSeek.com

Bitcoin Hyper-Deflation, Gold and Silver Report
By: Keith Weiner

Cryptojunkies: Beware the Ides of December
By: Michael Ballanger

 
Search

GoldSeek Web

 
Goldsource Mines Completes Final Tranche of Private Placement to Raise $7 Million Total

 -- Published: Wednesday, 31 December 2014 | Print  | Disqus 

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.

Contact:
Goldsource Mines Inc., Contact: Ioannis (Yannis) Tsitos, President, Fred Cooper, Investor Relations, Telephone: +1 (604) 694-1760, Fax: +1 (604) 694-1761, Toll Free: 1-866-691-1760 (Canada & USA), Email: info@goldsourcemines.com, Website: www.goldsourcemines.com, 570 Granville Street, Suite 501, Vancouver, British Columbia V6C 3P1

| Digg This Article
 -- Published: Wednesday, 31 December 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus







 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.