Source Exploration (SOP-V) announces over-subscription of non-brokered Private Placement
Feb 23, '15 - NR
Source Exploration is pleased to announce an update to the previously announced non-brokered private placement (the "Private Placement") of up to 10,000,000 units of the Company (the "Units") consisting of one common share of the Company and one half of one common share purchase warrant (each whole warrant a "Warrant") at a price of $0.08 per Unit for gross proceeds of up to $800,000. The Private Placement has been oversubscribed and the Company will increase the size of the Private Placement to issue up to a total of 12,725,000 Units at a price of $0.08 per Unit for gross proceeds of $1,018,000. All conditions previously announced will remain the same in the revised offering.
About Source Exploration Corp.
Source is a Canadian based mineral exploration company committed to building long-term value through the discovery, acquisition and advancement of mineral properties. The Company holds an option on the Las Minas gold, silver and copper exploration project located within the Las Minas mining district in the State of Veracruz, Mexico. The district hosts one of the largest underexplored skarn systems known in Mexico and has a strong production history that dates back to the Aztec era. For further information, please contact:
Camille Turner, Investor Relations
Phone: 604-669-7840 or 604-970-8052
David Baker, Executive Chairman Phone:
604-817-4211 or 604-970-8052
Brian Robertson, President & CEO
Phone: 807-474-4270 or 807-251-1816
Fax: 807-474-4272
E-mail: info@sourceexploration.com
Website: www.sourceexploration.com |
