Core Viewpoint - Metalsource Mining Inc. has successfully closed a non-brokered private placement, raising a total of $4,000,000, with Eric Sprott being the lead subscriber [1][2]. Financing Details - The company issued 20,000,000 units at a price of $0.20 per unit, where each unit consists of one common share and one-half of a share purchase warrant [2]. - Each warrant allows the holder to acquire one additional common share at an exercise price of $0.30 for three years from the closing date [2]. Shareholder Information - Eric Sprott, through his corporation, acquired 5,000,000 units for $1,000,000, increasing his total holdings to 7,500,000 shares and 3,750,000 warrants, representing approximately 13.8% of the outstanding shares on a non-diluted basis [3][4]. Use of Proceeds - The proceeds from the offering will be used to advance exploration at the Silver Hill and Byrd-Pilot projects in North Carolina, focus on expanding Silver Hill's silver potential, continue work on the Aruba manganese project in Botswana, and for general working capital [7][8]. Additional Agreements - The company has closed an option agreement with Goldstrike Minerals, LLC to acquire 100% of certain mineral lease agreements and exploration licenses in North Carolina, issuing 3,000,000 shares to Goldstrike upon closing [9][10]. - A finder's fee of 10% of the transaction value will be paid to arm's-length parties, consisting of cash and shares [10]. Marketing Agreement - Metalsource has entered into an agreement with Equitrend Data Inc. for marketing services, with a total consideration of US$350,000 for a three-month period, extendable for an additional three months under similar terms [12][13]. Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets, focusing on precious and base metal properties, including the Aruba Property in Botswana [16].