Goldsource Announces Upsize in Private Placement of Units to C$11 Million

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/. (In Canadian Dollars unless otherwise stated) VANCOUVER, BC, April 30, 2021 /CNW/ - Goldsource Mines Inc. ("Goldsource" or the "Company") is pleased to announce that in connection with its previously announced bought deal financing, the Company and Cormark Securities Inc. and Sprott Capital Partners (collectively the "Underwriters") have agreed to increase the size of the previously announced financing. The Company will now issue 100,000,000 units of the Company (the "Units) at a price of $0.11 per Unit (the "Offering Price") for gross proceeds of C$11.0 million (the "Offering"). The Company has also granted the Underwriters an option to sell up to an additional 15,000,000 Units at the offering price up to the closing of the Offering, which would increase the aggregate gross proceeds to approximately C$12.7 million if exercised in full.