Metalsource Mining to Issue Warrants Pursuant to Loan Agreement
Suite 700-838 West Hastings Street Vancouver, BC Canada V6C 0A6
NEWS RELEASE
METALSOURCE MINING TO ISSUE WARRANTS PURSUANT TO LOAN AGREEMENT
VANCOUVER, BRITISH COLUMBIA, December 11, 2024 – METALSOURCE MINING INC. (the “Company” or "Metalsource") (CSE: “MSM”) announces that, pursuant to a loan agreement (the “Agreement”) with an arm’s-length third party, the Company shall issue 200,000 warrants (each, a “Warrant”). The Warrants shall be exercisable at $0.20 per share and valid for a two-year term.
The Company entered into the Agreement on September 20, 2024, whereby the Company borrowed $40,000 for working capital purposes, which is due payable, along with the issuance of the Warrants, upon closing of the Company’s financing, which closed on November 14, 2024.
About Metalsource Mining Inc.
The Company is engaged in the exploration and development of its mineral property assets in Botswana and Canada. The Company’s objective is to locate and develop economic, precious and base metal properties of merit and to conduct its exploration program on its Aruba and Old Timer projects.
The Aruba Project consists of five prospecting licenses totaling approximately 4,663 km2 in South-Central Botswana. The Old Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern British Columbia.
For more information, please refer to SEDAR+ at www.sedarplus.ca under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
“Joseph Cullen”
Joseph Cullen, President, Chief Executive Officer and Director
For further information, please contact:
Mr. Joseph Cullen
Phone: 778-919-8615 Email: [email protected] Website: https://www.metalsourcemining.com/
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS PRESS RELEASE
Cautionary Note About Forward-Looking Statements
Certain of the information contained in this news release may constitute ‘forward-looking statements' within the meaning of applicable securities laws. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.