On May 23, 2023, Goldsource Mines Inc. closed the transaction. The company amended terms of the transaction. The company issued 7,507,000 units at a price of CAD 0.36 per unit for CAD 2,702,520.

Warrant issued is exercisable into one Common Share at a price of CAD 0.55 until May 19, 2025. The transaction included participation from insider investors for 400,000 units. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day expiring on September 20, 2023.

The Private Placement is subject to final approval of the TSXV. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 25 placees including existing insider involvement: 400,000 (one insider).

The company has received $266,607 (CAD 359,999.4321) pursuant to exemption provided under Regulation D from single investor.