THUNDER BAY, ONTARIO--(Marketwired - Dec. 16, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Source Exploration Corp. ("Source" or the "Company") (TSX VENTURE:SOP) announces that in connection with its previously announced non-brokered private placement (the "Offering") of up to 5,000,000 units of the Company at a price of $0.075 per Unit for gross proceeds of up to $375,000, the Company will pay a finder's fee to certain arm's length parties of up to 6% of the gross proceeds of the Offering that are sold to subscribers introduced by such parties, payable in cash or common shares of the Company, in consideration for their efforts in introducing subscribers to the Company. The finder's fee payments are subject to the approval of, and will be made in accordance with, the rules of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Source Exploration
Source Exploration is a Canadian based mineral exploration company committed to building long-term value through the discovery, acquisition and advancement of mineral properties. The Company holds an option on the Las Minas gold - silver and copper exploration project located within the Las Minas mining district in the State of Veracruz, Mexico. The district hosts one of the largest under explored gold - silver - copper skarn systems known in Mexico and has a strong production history that dates back to the Aztec era.
Cautionary Statement Regarding Forward-Looking Information: This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the payment of finder's fees to certain arm's length parties. Forward-looking information is based on the opinions and estimates of management that, which considered reasonable, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking information. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry, the risk of commodity price and foreign exchange rate fluctuations, the ability of the Company to fund the capital and operating expenses necessary to achieve the business objectives of the Company, as well as those risks described in public disclosure documents filed by the Company. Due to the risks, uncertainties and assumptions inherent in forward-looking information, prospective investors in securities of the Company should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
The Units have not been registered under the United States Securities Act of 1933, as amended (US Securities Act), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy such Units in any jurisdiction in which such an offer or sale would be unlawful.
Shares Issued: 57,626,235