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Goldsource Mines Announces Full Repayment of US$1.3 Million Loan

Mittwoch, 15.02.2017 15:05

DGAP-News: Goldsource Mines Inc. / Key word(s): Miscellaneous Goldsource Mines Announces Full Repayment of US$1.3 Million Loan 15.02.2017 / 15:03 The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - February 15, 2017) - Goldsource Mines Inc. (TSXV: GXS) (FWB: G5M) ('Goldsource' or the 'Company') is pleased to announce that it has fully repaid all amounts owing under a U.S.$1.3 million loan from Mitan Holdings Ltd. (see December 14, 2016 news release) from the proceeds of its recently completed Cdn.$4.46 million private placement and general working capital. As a result, the Company now has no debt other than usual trade payables. The Company's pledge of the shares of its wholly-owned subsidiary, Eagle Mountain Gold Corp., as security for the loan has also been discharged.

ABOUT GOLDSOURCE MINES INC.

Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian resource company that is currently in the Proof of Concept Phase at it 100%-owned Eagle Mountain Gold Project, located in Guyana. Goldsource is led by an experienced management team, proven in making exploration discoveries and in project construction.

Ioannis (Yannis) Tsitos President & Director Goldsource Mines Inc.

For Further Information:

Goldsource Mines Inc. Contact: Ioannis (Yannis) Tsitos, President Fred Cooper, Investor Relations Telephone:+1 (604) 694-1760 Fax:+1 (604) 694-1761 Toll Free:1-866-691-1760 (Canada & USA) Email:info@goldsourcemines.com Website:www.goldsourcemines.com 570 Granville Street, Suite 501 Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that

term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/25114

News Source: Newsfile


15.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: Goldsource Mines Inc.
Canada
ISIN: CA38153U1084
 
End of News DGAP News Service

544845  15.02.2017 

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