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GXSFF (Goldsource Mines Inc.) is no longer actively trading.
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Goldsource Mines Inc. operates as an exploration-stage enterprise primarily focused on the prospecting and development of natural resource assets across Canada and Guyana. The company maintains full ownership of its flagship asset, the Eagle Mountain gold project, which encompasses approximately 5,050 hectares situated in the central region of Guyana, South America. Established in 1983, the firm was initially known as International Antam Resources Ltd. until its rebranding to Goldsource Mines Inc. in February 2004. Goldsource Mines Inc. has its main corporate office located in Vancouver, Canada.
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako") and Goldsource Mines Inc. ("Goldsource") (TSXV: GXS) (OTCQX: GXSFF) are pleased to announce that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement (the "Transaction"), pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource (the "Goldsource Shares") in exchange for common shares of Mako (the "Mako Shares"). As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana.
Not for distribution to U.S. newswire services or dissemination in the United States VANCOUVER, BC / ACCESSWIRE / July 3, 2024 / Mako Mining Corp. ("Mako") (TSXV:MKO)(OTCQX:MAKOF) and Goldsource Mines Inc. ("Goldsource") (TSXV:GXS)(OTCQX:GXSFF) are pleased to announce that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement (the "Transaction"), pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource (the "Goldsource Shares") in exchange for common shares of Mako (the "Mako Shares"). As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana.
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that securityholders of Goldsource approved, at the special meeting of Goldsource securityholders held earlier today (the "Meeting"), the special resolution (the "Arrangement Resolution") in respect of a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Mako Mining Corp. ("Mako") will acquire all of the issued and outstanding common shares of Goldsource (the "Arrangement"). The Arrangement Resolution was passed with approval by 97.41% of votes cast by Goldsource shareholders at the Meeting in person or by proxy, by 97.88% of votes cast by Goldsource shareholders and option holders voting together as a single class at the Meeting in person or by proxy, and by 97.12% of votes cast by Goldsource shareholders at the Meeting in person or by proxy excluding the votes cast by certain persons as required by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have each recommended that Goldsource shareholders ("Shareholders") vote "FOR" the Arrangement with Mako Mining Corp. ("Mako"), whereby Mako will acquire all of the issued and outstanding common shares of Goldsource by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). The ISS Report states, among other things, that "the arrangement carries sound strategic logic as the combined company is expected to deliver meaningful cost synergies while benefitting from a stronger financial position as compared to standalone GXS" and "in light of the premium, strategic rationale, financial going concern, and positive market reaction, shareholder approval of this resolution is warranted.
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") announces today that it has postponed by one week the Company's special meeting (the "Special Meeting") of securityholders of the Company (the "Securityholders") that was originally scheduled for Friday, June 14, 2024 to Friday, June 21, 2024. At the Special Meeting, Securityholders will be asked to approve the arrangement between Mako Mining Corp. ("Mako") and Goldsource, whereby Mako will acquire all of the issued and outstanding common shares of Goldsource by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (see news release dated March 26, 2024) (the "Arrangement").