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Goldsource Mines Updates Eagle Mountain Amending Agreement

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Goldsource Mines Updates Eagle Mountain Amending Agreement

 

 

 

 

 

Goldsource Mines Inc. (TSX-V:GXS) (FRANKFURT:G5M) announces that the TSX Venture Exchange has accepted for filing an amending agreement between the Company, Eagle Mountain Gold Corp. a wholly owned subsidiary of the Company, and Omai Gold Mines Ltd. a 95% owned subsidiary of IAMGOLD Corporation with respect to the Eagle Mountain Gold Property in Guyana.
 

The Company has issued to OGML 3,389,279 common shares in consideration of OGML agreeing to the terms of the Amending Agreement, resulting in OGML holding 8% of the outstanding shares of the Company. The common shares are subject to a hold period of four months and one day from the date of issuance.
 

Details of the Amending Agreement with Omai Gold Mines Ltd. are set out in the Company’s news release dated March 6, 2014.
 

ABOUT GOLDSOURCE MINES INC.

 

Goldsource Mines Inc. is a Canadian resource company that is working aggressively to develop its advanced-stage, 100%-owned Eagle Mountain gold project in Guyana with initial staged production in 2014. The project has an existing NI 43-101-compliant resource of 188,000 Indicated and 792,000 Inferred gold ounces, with strong potential to expand its resources. Goldsource Mines is led by an experienced management team, proven in making exploration discoveries, achieving construction on time and budget, and fast-tracking production.

Posted April 23, 2014

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