First Source Resources and CB Gold Inc., a privately held British Columbia company, are pleased to announce the completion of a private placement of subscription receipts for total gross proceeds of C$26.66 million, after a second tranche of the private placement that closed today. The second and final tranche, which is in addition to that [...]
First Source and CB Gold, a privately held British Columbia company, are pleased to announce that Mr. Hernan Martinez Torres, has agreed to join the Board of Directors, effective following its previously announced amalgamation with First Source, with the newly amalgamated company being named CB Gold Inc. Mr. Martinez will bring significant business [...]
First Source and CB Gold are pleased to announce that the resolutions regarding the proposed amalgamation of First Source and CB Gold, as well as the other related resolutions approving the stock option plan of the amalgamated company and the disposition by First Source of its Lac Des Pics Property, received the required shareholder approvals at [...]
First Source and CB Gold Inc are pleased to announce that the transfer of 100% of the Real Minera gold property to CB Gold has been completed. The Real Minera property is located in the Vetas Mining District, 10 kilometres south of the California District in Colombia. The Real Minera property contains several areas of mineralization, including [...]
First Source is pleased to announce that, further to its news release issued on February 26, 2010, the Company has signed a definitive agreement dated April 20, 2010 with CB Gold Inc., a privately held British Columbia company (with respect to the proposed business combination between First Source and CB Gold. The Agreement contains the final terms [...]
First Source is pleased to announce that the Company has entered into a binding letter agreement dated February 26, 2010 with CB Gold, containing the principal terms of a proposed arm's length business combination between First Source and CB Gold. The Transaction will result in CB Gold becoming a publicly listed entity and will position CB Gold for [...]
First Source announces that it has received results and a corresponding geological report from its most recent drill program at the Lac des Pics property in Gaspe, Quebec. The drill program occurred during July and August of 2009, and five holes were drilled over 1191 meters. The goal of the drill program was to investigate geophysical anomalies [...]
First Source today announced that it has closed its previously announced non-brokered private placement equity financing. Under the financing, the Company issued a total of 1,890,000 common shares at a price of $0.10 per common share, for gross proceeds of $189,000. The proceeds will be used for general working capital of the Company, including [...]
First Source Resources announced today that it has received the resignation of Dr. Howard Lahti, a non-executive director of the board of the Company. Dr. Lahti is leaving the board to focus on his other ongoing projects. Pete Smith, the Company's President, said, "I would like to thank Howard for his service to the Company, and on behalf of the [...]
