Golden Share Mining Corporation

Golden Share Mining Corporation

October 14, 2009 09:00 ET

Golden Share Amends Option Agreement on the Forsan Property and Completes Its Acquisition

MONTREAL, QUEBEC--(Marketwire - Oct. 14, 2009) - Golden Share Mining Corporation ("Golden Share")(TSX VENTURE:GSH) announces that following discussions with the owner (the "Seller") of the Forsan property ("Forsan"), the original option agreement has been modified.

In the original option agreement, Golden Share had to pay a sum of $50,000 on the second anniversary of the agreement. In the amended option agreement, Golden Share will pay a sum of $12,500 and issue 312,500 common shares of Golden Share to the Seller. These shares are issued at a price of $0.12 per share.

Following these payments and the issuance of 400,000 additional common shares, a condition from the original option agreement, Golden Share will have fulfilled all the conditions of the option and will therefore own 100 % of the Forsan property.

This transaction is subject to the approval of the TSX Venture Exchange. The shares issued as part of this agreement, will be subject to a 4-month minimum hold period.

Neither the 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.


Contact Information

  • Golden Share Mining Corporation
    Philippe Giaro
    President & CEO
    Golden Share Mining Corporation
    Denis Tremblay