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Goldsource Mines Inc.

2017

Goldsource Mines Announces Full Repayment of US$1.3 Million Loan

VANCOUVER, BC – February 15, 2017 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to announce that it has fully repaid all amounts owing under a U.S.$1.3 million loan from Mitan Holdings Ltd. (see December 14, 2016 news release) from the proceeds of its recently completed Cdn.$4.46 million private placement and general working capital.  As a result, the Company now has no debt other than usual trade payables.  The Company’s pledge of the shares of its wholly-owned subsidiary, Eagle Mountain Gold Corp., as security for the loan has also been discharged.

 

ABOUT GOLDSOURCE MINES INC.

Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian resource company that is currently in the Proof of Concept Phase at it 100%-owned Eagle Mountain Gold Project, located in Guyana. Goldsource is led by an experienced management team, proven in making exploration discoveries and in project construction.

Ioannis (Yannis) Tsitos
President & Director
Goldsource Mines Inc.
  For Further Information:
Goldsource Mines Inc.
Contact:         Ioannis (Yannis) Tsitos, President
Fred Cooper, Investor Relations
Telephone:   +1 (604) 694-1760
Fax:                 +1 (604) 694-1761
Toll Free:       1-866-691-1760 (Canada & USA)
Email:             info@goldsourcemines.com
Website:        www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.