representative work

Cassels Represents Cormark in Goldsource Mines’ $12.65 Million Private Placement


On May 20, 2021, Goldsource Mines Inc. closed a bought deal private placement of 115,000,000 units at a price of $0.11 per unit for gross proceeds of $12.65 million, which includes the full exercise of the underwriters’ overallotment option. Each unit consists of one common share of Goldsource and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one Goldsource common share at a price of $0.14 until May 20, 2023.

The offering was led by Cormark Securities Inc., as co-lead underwriter on its own behalf and on behalf of a syndicate of underwriters including Sprott Capital Partners LP as co-lead underwriter.

Cassels acted for Cormark.

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