September 28, 2016 / 8:47 PM / 10 months ago

BRIEF-Source Exploration announces non-brokered private placement of up to $1,500,000 and debt conversion

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Sept 28 (Reuters) - Source Exploration

* Announces non-brokered private placement of up to $1,500,000 and debt conversion

* A non-brokered private placement of up to 10 million units of at a price of $0.15 per unit

* Net proceeds from private placement be used to continue exploration on co's las minas project located in veracruz, Mexico

* Net proceeds from private placement will also be used for property payments, debt reduction and general working capital purposes Source text for Eikon: Further company coverage:

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