Golden Share Announces Closing of $120,000 Hard Cash Private Placement and Issues Incentive Stock Options
Toronto, Ontario--(Newsfile Corp. - October 6, 2015) - Golden Share Mining Corp. (TSXV: GSH) (the "Company" or "Golden Share") is pleased to announce the completion of previously announced non-brokered private placement (the "Private Placement"). An aggregate of 2,400,000 units of the Company (the "Units") were issued at a price of $0.05 per Unit for gross proceeds of $120,000. Each Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one Common Share at the purchase price of $0.10 per share at any time during the 36-month period from the closing date.
No broker fees are payable under this Private Placement. Any securities issued under the Private Placement would be subject to a statutory hold period of four months and one day from the date of issuance.
"We are happy for Golden Share to be able to close the proposed financing without requiring and brokerage charges in such a difficult market for junior exploration companies. We have completed a geological evaluation of the company's extensive property portfolio. On behalf of management, I would like to ask that shareholders be patient while we take the next step in evaluate all options available for Golden Share to position itself for an eventual recovery in the mineral exploration industry," commented from Nick Zeng, the President & CEO.
About Golden Share
Golden Share Mining Corp. is a Canadian-based junior mining company exploring a promising and well-balanced property portfolio in the mineral belts of Ontario and Quebec, both politically stable jurisdictions with a history of rich mineral endowment.
FOR MORE INFORMATION, CONSULT http://www.goldenshare.ca OR CONTACT:
Golden Share Mining Corporation
Nick Zeng, President & CEO
Tel: (416) 799-8899
E-mail: info@goldenshare.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
