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Fund buying at Goldsource Mines (V:GXS)

Updated Friday Feb 10, 2017 01:12 AM EDT
Donald Smith Value Fund, a 10% Holder, acquired 5,882,253 Common Shares on a direct ownership basis at a price of $0.170 through a private transaction on February 8th, 2017. The insider also acquired 5,882,253 Warrants on a direct ownership basis with an exercise price of $0.230 for two years. This represents a $999,983 investment into the company's shares and an account share holdings change of 24.5%.

Goldsource Mines is in the Coal Sub Industry Group under the Energy Sector.

Goldsource Mines Inc. is a resource company. The Company is engaged in exploration and development. The Company is involved in the acquisition, exploration and evaluation of resource properties located in Canada and Guyana. The Company focuses to advance its Eagle Mountain Gold Project in Guyana, South America towards initial production. Its other mineral interests consist of coal exploration properties located in Saskatchewan, including the Border Coal Project. The Company, through its subsidiary, Stronghold Guyana Inc., holds a prospecting license on the Eagle Mountain Gold Project. The Eagle Mountain gold project is located approximately 200 kilometers southwest of Guyana's capital, Georgetown and over 50 kilometers from the Omai Gold Mine. The Border Coal Project is located on the eastern edge of central Saskatchewan, approximately 50 kilometers north of the town of Hudson Bay. The Border Property consists of approximately 16,070 hectares.

INK Edge Outlook

CONDITIONS:
Latest
6 months ago
1 year ago
Overall
N/A
Rain
Mixed
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