By Devika Patel
Knoxville, Tenn., June 20 - Goldsource Mines Inc. priced a C$18 million private placement of stock. The deal, which was announced as a C$15 million offering on June 13, will be conducted through Genuity Capital Markets.
The company will sell 1,532,000 common shares at C$11.75 apiece.
Settlement is expected June 27.
Proceeds will be used to fund exploration of the company's coal properties in Saskatchewan, working capital and general corporate purposes.
Based in Vancouver, B.C., Goldsource is a diamond exploration company.
| Issuer: | Goldsource Mines Inc.
|
| Issue: | Common stock
|
| Amount: | C$18,001,000
|
| Shares: | 1,532,000
|
| Price: | C$11.75
|
| Warrants: | No
|
| Underwriters: | Genuity Capital Markets
|
| Announcement date: | June 13
|
| Pricing date: | June 20
|
| Settlement date: | June 27
|
| Stock symbol: | TSX Venture: GXS
|
| Stock price: | C$13.80 at close June 19
|
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