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Goldsource Mines Inc GXSFF


Primary Symbol: V.GXS

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.


TSXV:GXS - Post by User

Bullboard Posts
Post by jackdawon Sep 28, 2010 2:56pm
607 Views
Post# 17502569

Goldsource Announces Grant of Options and Amended

Goldsource Announces Grant of Options and Amended

VANCOUVER, BRITISH COLUMBIA, Sep 28, 2010 (MARKETWIRE via COMTEX) -- Goldsource Mines Inc. (the "Company") announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 700,000 common shares of the Company at an exercise price of
.82 per share for a five year term expiring September 28, 2015. Options granted will vest as to 25% of the optioned shares on the date of grant and a further 25% will vest every six months thereafter until fully vested.

The Company also announces an amended expiry date of incentive stock options previously granted to certain directors, officers and consultants of the Company.

The expiry date for 775,000 outstanding stock options held by certain current directors, officers and consultants of the Company originally granted on December 23, 2005 at an exercise price of
.90 per share has been extended from five years ending December 23, 2010 to ten years ending December 23, 2015.

The amended expiry date is subject to TSX Venture Exchange acceptance.


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https://www.marketwatch.com/story/goldsource-announces-grant-of-options-and-amended-stock-option-expiry-date-2010-09-28?reflink=MW_news_stmp
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