Business
Source Exploration Corp. to Retire One Million Shares
Source Exploration Corp. to Retire One Million Shares
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"Source Exploration Corp. to Retire One Million Shares\n\n\n\nSource Exploration Corp. to Retire One Million Shares\n\nThunder Bay, Ontario CANADA, January 26, 2009 /FSC/ - Source Exploration Corp. (SOP - TSX Venture), (the \"Corporation\" or \"Source\") would like to advise its shareholders that it will cancel one million (1 million) common shares of its capital stock acquired from Sterling Mining Company on January 21, 2009 in a brokered transaction pursuant to an Early Warning report filed under National Instrument 62-103. Cancellation will be conducted immediately pursuant to applicable securities laws. The repurchase and cancellation of the shares has been approved by the TSX Venture Exchange.\n\nThe transaction reflects Source Exploration Corp's commitment to shareholder value. The Corporation is focused on the acquisition and development of economic silver deposits and other near term cash flow opportunities in Mexico. At present, Source is concentrating on the exploration and ultimate re-development of the past producing San Acacio silver mine in Zacatecas, Mexico on the prolific Veta Grande vein system, which is adjacent to the vein system hosting the Cozamin Mine of Capstone Mining Corp. \n\nThe Corporation recently reported (Dec 3, 2008) the buyout of Sterling Mining Company on the project and has acquired a full 100% interest in the Concession Agreement with Minera San Acacio S.A. de C.V., the vendor of the San Acacio Property. Source is well financed and remains debt free.\n\nFor more information on Source Exploration Corp, please visit the website at www.sourceexploration.com. \n\nON BEHALF OF THE BOARD OF DIRECTORS\n\nABRAHAM DROST, P.Geo. President/CEO\n\n1760-750 West Pender Street\nVancouver, BC V6C-2T8\nPh: 807-252-7800 or 604-646-7350\n\nThe TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from...