On May 20, 2021, Goldsource Mines Inc. (TSXV:GXS) closed the transaction. The company issued 115,000,000 units for gross proceeds of CAD 12,650,000. The company received 5,723,678.49 pursuant to regulation D from 5 investors. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.14 per common share until May 20, 2023. The completed transaction includes exercise in full of the underwriters' over-allotment option to purchase additional units at CAD 0.11 per unit. The transaction included participation from 38 placees including Maverick Mining Consultants Inc. for CAD1,820,000, Stephen Parsons for CAD 1,100,000, Bernard Poznanski for CAD 250,000, Graham C. Thody for CAD 682,000. The common shares and warrants issued under the offering and the common shares issuable upon exercise of the warrants and the broker warrants are subject to a hold period that expires on September 21, 2021. the offering is subject to final approval of the TSX venture exchange.

TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company paid finder's fee of CAD 729,000 cash and issued 3,307,170 warrants to purchase 3,307,170 common shares at a price of CAD 0.11 until May 20, 2023.