Goldsource Mines Completes $18 Million Private Placement
Friday June 27, 2008 1:11 pm ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2008) - Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX VENTURE:GXS - News) is pleased to announce that the Company has completed its brokered private placement by issuing a total of 1,532,000 common shares (the "Shares") at a price of $11.75 per share for gross proceeds of $18,001,000 (the "Offering").

The Shares were sold through Genuity Capital Markets (the "Agent"). In connection with the closing, the Agent received a cash commission equal to 6% of the gross proceeds raised under the Offering (for subscribers originated by the Agent) and non-transferable compensation warrants (the "Compensation Warrants") entitling the Agent to purchase up to 91,920 common shares of the Company at an exercise price of $13.80 per share until June 27, 2009.