This week we have updates on Goldsource Mines Inc. (GXS), Ironclad Performance Wear (ICPW) and Enterprise Group (E).
Goldsource Mines Inc. (GXS – $0.30) and Eagle Mountain Gold Corp. have successfully completed their previously announced business combination earlier this week. As a result, all of the shareholders of Eagle Mountain have received 0.52763 shares of common stock of Goldsource for each common stock of Eagle Mountain they owned.
On February 28th, the last day Eagle Mountain’s shares traded, the stock closed at $0.13. At this moment Goldsource’s shares are trading at $0.30. So that means that everybody who was paying attention, or who read our newsletter, could have made a 21 percent profit just by buying Eagle Mountain shares and exchanging them for Goldsource shares. Sometimes playing the stock market can be easy.
In other news, Goldsource completed a private placement of 17,142,858 units at a price of $0.14 per unit for gross proceeds of $2.4 million. The proceeds will be used to accelerate the development of the Eagle Mountain Gold Project in Guyana, South America. Management aims to commence gold production [click to continue…]