Click to access 2017-02-14-News-Release.pdf

February 14, 2017 – Source Exploration Corp. (“Source” or the “Company”) (TSX-V: SOP) is pleased to announce, further to its news releases dated September 28, 2016, November 30, 2016 and January 5, 2017, that it has now arranged a non-brokered private placement (the “Private Placement”) of up to 12,333,333 units of the Company (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to approximately $1.85 million to replace the second tranche of the previously announced non-brokered private placement. Each Unit will consist of one common share of the Company (a “Common Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.25 per Common Share for a period of twenty-four months from the closing date of the Private Placement (subject to acceleration of the expiry date).