Golden Share Mining Corporation

Golden Share Mining Corporation

October 28, 2009 16:37 ET

Golden Share Completes a $331,800 Financing

MONTREAL, QUEBEC--(Marketwire - Oct. 28, 2009) - Golden Share Mining Corp. (TSX VENTURE:GSH) ("Issuer" or "Corporation") is pleased to announce the completion of a $331,800 private placement. The Corporation will issue 474 units at a cost of $700 per unit, each unit being comprised of 4,250 flow-through common shares at a price of $0.14 per share, 750 common shares at a price of $0.14 per share and 2,500 common share purchase warrants of the Issuer. Each warrant entitles its holder to purchase one common share of the Issuer at the purchase price of $0.25 if exercised in the first 12 months following the closing date, or at a price of $0.30 if exercised between the 13th month and 24th month following the closing date. One officer of the Company purchased 3 units. The shares to be issued are subject to a 4 month minimum hold period.

In connection with this private placement, a $15,260 finder's fee commission will be paid out to CIBC World Markets.

This financing is subject to the approval of the TSX Venture Exchange.

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.


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