Topic: How To Invest

Hi Pat: What is your opinion of Source Exploration Corporation? Thank you.

Article Excerpt

Source Exploration, $0.11, symbol SOP on Toronto (Shares outstanding: 60.7 million; Market cap: $6.7 million; www.sourceexploration.com), holds an option on the Las Minas gold, silver and copper exploration project in Mexico’s Las Minas mining district. The stock jumped in early November 2013 after Source appointed David Baker and Earl Terris to its board of directors. From 2003 through March 2012, Baker was the president and CEO of Goldbrook Ventures, which Source says he built from an exploration start-up in Quebec’s Raglan district to its 2012 sale to its Chinese joint venture partners for $100 million. Source just raised $82,500 by selling 1.1 million shares to Baker for $0.075 each in a private placement. It will use the funds to continue exploring at Las Minas. This follows a previous private placement of 5.15 million shares at $0.075 each that raised $326,250. The Las Minas project is still in the very early stages of exploration, and the company will need to keep undertaking dilutive share issues…