Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

Metals & Mining Gold

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

Goldsource Mines Inc

Bullboard Posts

Post by NickCarpathiaon Mar 12, 2019 10:35am

224 Views

Post# 29472715

WOW, massive dilution

The drills were turning, why not wait for a good couple of holes and then do a financing at a higher price and not dilute so much?

What Eric Sprott got interested only when the price was $.12 and not at $.18???

Oh yeah, because greed takes over and they don't care about shareholders just lining their pockets with low priced shares and warrants. Typical MO of companies listed on Vancouver.

Gee whiz, I wonder if the next set of great results will come out just after this batch of shares becomes free trading??

Live and learn.

GLTA.

Bullboard Posts

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