An anonymous director reports
ERIC SPROTT ANNOUNCES HOLDINGS IN GOLDSOURCE MINES INC.
On April 11, 2021, 12.5 million common share purchase warrants of Goldsource Mines Inc. (held by 2176423 Ontario Ltd., a corporation Eric Sprott beneficially owns) expired, unexercised, representing a decrease in holdings of approximately 4.8 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these warrants, Mr. Sprott beneficially owned and controlled 29 million common shares and 12.5 million warrants representing approximately 7.4 per cent of the outstanding common shares on a non-diluted basis and approximately 10.3 per cent on a partially diluted basis assuming the exercise of all such warrants.
As a result of the warrant expiry, Mr. Sprott controls 29 million common shares representing approximately 7.4 per cent of the outstanding common shares on a non-diluted basis. The warrants expiry resulted in a partially diluted ownership change of greater than 2 per cent (to below 10 per cent) and, therefore, the filing of an update to the early warning report.
The securities noted herein are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Goldsource Mines is located at suite 501, 570 Granville St., Vancouver, B.C., V6C 3P1. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (200 Bay St., suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).
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