News Releases 2014
March 06, 2014
GOLDSOURCE MINES AND EAGLE MOUNTAIN EXECUTE AMENDING AGREEMENT WITH OMAI GOLD MINES LTD, A SUBSIDIARY OF IAMGOLD CORPORATION
As a condition to the recent business combination of Goldsource Mines Inc.and Eagle Mountain Gold Corp. (now a wholly owned subsidiary of Goldsource) the parties have executed an Amendment Agreement with Omai Gold Mines Ltd., a 95% owned subsidiary of IAMGOLD Corporation with respect to the Eagle Mountain Gold Property in Guyana. Eagle Mountain owns 100% of the Eagle Mountain Gold Property. The Amendment Agreement makes several major changes to the terms of the existing agreement, dated January 16, 2012. Certain cash and/or common share payments to OGML by Eagle Mountain set out in the Original Agreement and based on effective commencement of commercial production on the Property and the granting of a Mining License by Guyana Geology and Mines Commission have now been deferred and are triggered by different events as described below.
March 03, 2014
GOLDSOURCE MINES AND EAGLE MOUNTAIN COMPLETE BUSINESS COMBINATION
Goldsource Mines Inc. and Eagle Mountain Gold Corp. are pleased to announce that they have successfully completed their previously announced business combination.
February 24, 2014
EAGLE MOUNTAIN ANNOUNCES TERMINATION OF FINANCING ARRANGEMENTS
Eagle Mountain Gold Corp. today announced the termination of its financing arrangements with Weiser Capital Limited of Nassau, Bahamas. Weiser has assisted the Company with several financings, earning fees for introducing investors to the Company and arranging for their participation in equity financings. Following receipt of shareholder approval for the Company’s proposed business combination with Goldsource Mines Inc., Weiser’s services are no longer required.
February 20, 2014
EAGLE MOUNTAIN ANNOUNCES SPECIAL SHAREHOLDERS MEETING RESULTS
Eagle Mountain Gold Corp. is pleased to announce results of the voting at its special general meeting of shareholders held on February 20, 2014, in Vancouver, British Columbia (the “Meeting”). At the Meeting, the Company received overwhelming shareholder approval for its proposed business combination with Goldsource Mines Inc. by way of a three-cornered amalgamation (the “Transaction”), with over 99% of tendered shares voted in favour.