Mr. Joseph Cullen reports
METALSOURCE MINING CLOSES PRIVATE PLACEMENT
Further to Metalsource Mining Inc.'s news release dated Jan. 18, 2024, it has closed a non-brokered private placement for total gross proceeds of $208,650.
The company has allotted and issued 1,391,000 units at a price of 15 cents per unit. Each unit consists of one common share of the company and one-half of one transferable share purchase warrant, each whole warrant entitling the holder to acquire one additional common share at an exercise price of 30 cents for a period of 24 months from the closing date.
The company will use the proceeds from the placement toward general working capital. All securities issued under the placement are subject to a hold period of four months and one day expiring on June 29, 2024.
About Metalsource Mining Inc.
The company is engaged in the exploration and development of its mineral property assets in Botswana and Canada. The company's objective is to locate and develop economic, precious and base metal properties of merit and to conduct its exploration program on its Aruba and Old Timer projects.
The Aruba project consists of five prospecting licences totalling approximately 4,663 square kilometres
in south-central Botswana. The Old Timer property is located 17 km southeast of Nelson, in the Nelson mining division of Southern British Columbia.
We seek Safe Harbor.
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