Mr. Donald Smith reports
REPORT OF ACQUISITION OF BENEFICIAL OWNERSHIP OF COMMON SHARES OF GOLDSOURCE MINES INC.
Donald Smith Value Fund LP has acquired deemed beneficial ownership and control of 10.23 million common shares of Goldsource Mines Inc. through the private placement purchase on Aug. 10, 2018, of 6.82 million units of Goldsource at 5.5 cents per unit for total consideration paid of $375,100.Each unit consists of one common share and one-half of one common share purchase warrant, with each warrant being exercisable to purchase one common share at nine cents until Aug. 10, 2020.
Immediately prior to the private placement, the fund had deemed beneficial ownership of 35,764,506 common shares, representing 17.1 per cent of the then deemed outstanding common shares.The fund currently has deemed beneficial ownership of 45,994,506 common shares of Goldsource (including 9,292,253 common shares underlying share purchase warrants of Goldsource held by the fund), representing 19.9 per cent of the deemed outstanding common shares, a decrease of 3.5 per cent of the fund's previously reported beneficial shareholding percentage in the common shares of 23.4 per cent.
The fund has acquired the common shares for investment purposes.The fund may acquire additional common shares or dispose of common shares (through market or private transactions or exercises of share purchase warrants) from time to time.
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