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Multiple buying at Goldsource Mines (V:GXS)

Updated Monday Feb 13, 2017 03:46 AM EDT
Steven Barry Simpson, a Director, acquired 1,764,705 Common Shares on a control or direction basis for registered holder Mitan Holdings Limited at a price of $0.170 through a prospectus or prospectus exempt offering on February 8th, 2017. The insider also acquired 1,764,705 Warrants with an exercise price of $0.230 for two years. This represents a $300,000 investment into the company's shares and an account share holdings change of 16.3%.

On the same terms, Nathan Eric Fier, a Senior Officer, acquired 1,470,588 Common Shares and 1,470,588 Warrants on an indirect ownership basis for registered holder Maverick Mining Consultants Inc. This represents a $250,000 investment into the company's shares and an account share holdings change of greater than 100%.

Finally, Ioannis Tsitos, a Senior Officer and Director, acquired 117,500 Common Shares and 117,500 Warrants on a direct ownership basis. This represents a $19,975 investment into the company's shares and an account share holdings change of 15.3%.

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.

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