The Prospector News

Goldsource Announces Early Warrant Exercise; Accelerates Plan to Expand Production at Eagle Mountain

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Goldsource Announces Early Warrant Exercise; Accelerates Plan to Expand Production at Eagle Mountain






Goldsource Mines Inc. is pleased to announce that a total of 5,131,000 warrants issued in February 2014 and December 2014, and expiring February 28, 2017 and December 12, 2017 respectively, were exercised early for gross proceeds of CAD$1,240,875. Of the warrants exercised, a total of 3,533,500 were exercised by insiders of the Company. The Company will use the gross proceeds for working capital and accelerating planned expansion of production at its Eagle Mountain Gold Mine located in Guyana, South America.   



Yannis Tsitos, President, commented, “We would like to thank these shareholders for their continued support. The funds will help to complete the commissioning phase for scheduled commercial production in Q2 and accelerate planned production with the inclusion of a second operating shift. The Company currently has CAD$1.4 million cash and has commenced generating revenue from operations.”



An update on operations commissioning of the Eagle Mountain Gold Mine will be released on Wednesday, April 20, 2016.







Goldsource Mines Inc. is a Canadian resource company that is progressing its advanced-stage, 100%-owned Eagle Mountain Gold Project, located in Guyana, towards initial staged production in Q2 2016. Goldsource is led by an experienced management team, proven in making exploration discoveries and achieving project construction on time and on-budget.


Posted April 18, 2016

Share this news article


Leading Edge Materials Announces Closing Of C$3,520,000 Non-Brokered Private Placement and New Control Person

Leading Edge Materials Corp. (TSX-V: LEM) (Nasdaq First Nor... READ MORE

August 7, 2020

X-Terra Resources Closing of a Strategic Private Placement

X-Terra Resources Inc. (TSX-V: XTT) (FRANKFURT: XTR) is pleased t... READ MORE

August 7, 2020

GoviEx Completes Non-Brokered $5M Private Placement

GoviEx Uranium Inc. (TSX-V: GXU) (OTCQB: GVXXF) is pleased to ann... READ MORE

August 7, 2020

Fireweed Zinc Closes $5.2 Million Private Placement

FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce closing of... READ MORE

August 6, 2020

McEwen Mining Reports Q2 2020 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)today reported its... READ MORE

August 6, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions