Goldsource Mines Inc. announced a private placement of up to 5,555,555 units at an issue price of CAD 0.36 per unit to raise up to CAD 1,999,999.8 on May 4, 2023. The transaction might involve participation from certain directors, officers and other insiders of the company. Each Unit will consist of one common share of the company and one-half of one common share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of 24 months from the date of the closing at a price of CAD 0.55 per share.

The Company may pay finders' fees to certain finders in connection with the Private Placement. The Private Placement may close in multiple tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSXV. All securities to be issued pursuant to the Private Placement will have a hold period of four months and one day from the date of closing of the Private Placement.