Mr. Ioannis Tsitosj reports
GOLDSOURCE MINES ANNOUNCES INCREASED PRIVATE PLACEMENT OF UP TO CDN$1.3 MILLION
Due to demand from potential investors, Goldsource Mines Inc. has increased its non-brokered private placement announced on Dec. 4, 2018, by $300,000 (or six million units) to up to 26 million units at a price of five cents per unit for gross proceeds of up to $1.3-million. Each unit will consist of one common share and one common share purchase warrant of Goldsource Mines, with each warrant being exercisable into one common share of Goldsource Mines at a price of nine cents for a term of two years.
The terms of the offering, the units, the proposed use of proceeds, possible finders' fees and some anticipated insider placees are otherwise as previously disclosed.
The offering is subject to regulatory approval. Closing will occur as soon as practicable and following the receipt of all applicable approvals.
We seek Safe Harbor.
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