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Goldsource Mines Inc. (GXSFF) maintains this dedicated news hub for stakeholders tracking its gold exploration activities and corporate developments. Access verified updates on the company's flagship Eagle Mountain project in Guyana, operational milestones, and strategic initiatives.
This resource consolidates all official announcements including exploration results, technical report summaries, and management updates. Investors gain timely insights into phased development progress, resource estimation updates, and corporate governance matters.
Content categories focus on material developments: drilling results from the Eagle Mountain gold project, operational strategy adjustments, and exploration program expansions. All information is sourced directly from company filings and press releases.
Bookmark this page for efficient tracking of Goldsource Mines' progress in developing one of Guyana's promising gold assets. Regular updates ensure stakeholders maintain current understanding of exploration achievements and corporate direction.
Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) announced that its securityholders have approved the special resolution for a statutory plan of arrangement under the Business Corporations Act (British Columbia).
At the special meeting held on June 21, 2024, 97.41% of votes by Goldsource shareholders and 97.88% of votes by shareholders and option holders combined were in favor of the arrangement with Mako Mining Corp., which will acquire all issued and outstanding shares of Goldsource.
The company will seek a final order from the Supreme Court of British Columbia on June 26, 2024. The transaction is expected to close around July 3, 2024, pending customary closing conditions and regulatory approvals.
Goldsource has postponed its special meeting with securityholders from June 14, 2024, to June 21, 2024. This meeting aims to approve an arrangement where Mako Mining will acquire all Goldsource shares. The delay allows securityholders to review additional disclosures in Mako's amended technical report for the San Albino Project. These disclosures, required by the British Columbia Securities Commission, do not affect the existing mineral resource estimates. Preliminary voting indicates over 97% support for the arrangement. The related court hearing is also postponed to June 26, 2024.
Goldsource Mines announced filing a management information circular for a Special Meeting to approve an arrangement with Mako Mining Corp. The meeting is set for June 14, 2024, at 10:00 a.m. PST in Vancouver. Goldsource's Board strongly supports the arrangement, urging Securityholders to vote by June 12, 2024. Under the plan, Mako will acquire all outstanding Goldsource shares, offering 0.22 Mako shares per Goldsource share. This merger aims to leverage Mako's San Albino Gold Mine, enhancing growth and capital markets profile. Securityholders are encouraged to read meeting materials and vote promptly.
