Source Exploration Corp. (TSXV:SOP) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.075 per unit for gross proceeds of up to CAD 375,000 on December 13, 2013. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.125 per common share for a period of twelve months from the closing date. The company will have the right to accelerate the expiry date of warrants on notice to holders if the closing price of its common shares on a stock exchange in Canada is higher than CAD 0.15 per share for a period of 20 consecutive trading days after four months from the closing date of the transaction, in which case the warrants will expire 30 days after the date on which such notice is given. In connection with the transaction, the company may pay finders' fees to certain arm's length parties in accordance with the rules of the TSX Venture Exchange. Closing of the transaction is anticipated to occur on or before January 15, 2014 and is subject to approval of all required regulatory authorities and TSXV. All securities issued under the transaction were subject to a four month hold period and one day from the date of closing of the transaction.

On December 16, 2013, the company announced that it will pay finder's fee of 6% of the gross proceeds to certain arm's length parties. The finder's fee payments are subject to the approval of and will be made in accordance with, the rules of the TSX Venture Exchange.

On January 20, 2014, Source Exploration Corp. closed the transaction. The company issued 5,150,000 units for gross proceeds of CAD 386,250. The transaction is subject to final acceptance by the TSX Venture Exchange.