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
Uncategorized

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.

 

 

ABOUT GOLDSOURCE MINES INC.

 

 

 

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

MORE or "UNCATEGORIZED"


MEXICAN GOLD ANNOUNCES DRILL RESULTS FROM THE LAS MINAS PROJECT

Mexican Gold Corp. (TSX-V: MEX) is pleased to announce the ... READ MORE

January 21, 2020

TECK NAMED TO 2020 GLOBAL 100 MOST SUSTAINABLE CORPORATIONS LIST

Teck Resources Limited (TSX: TECK.A and TECK.B) (NYSE: TECK) has ... READ MORE

January 21, 2020

CANDENTE COPPER CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Candente Copper Corp. (TSX:DNT) (BVL:DNT) is pleased to announce ... READ MORE

January 21, 2020

Advance Gold Intersects Sulphide Zone with Continuous Zinc Mineralization over 78 Metres with a Highlight Intersection of 1.10 m of 1.88% Zinc, 1.40% Lead, 77 g/t Silver and 0.198 g/t Gold at Tabasquena Project in Zacatecas, Mexico

Advance Gold Corp. (TSX-V: AAX) is pleased to announce assay resu... READ MORE

January 21, 2020

Bullfrog Gold Closes CAD$2 Million Equity Financing

Bullfrog Gold Corp (OTCQB: BFGC) (CSE: BFG) (FSE: 11B) s pleased ... READ MORE

January 21, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions