Golden Share Mining Corporation

Golden Share Mining Corporation

October 08, 2010 16:45 ET

Golden Share Announces Second and Final Closing of Private Placement of $415,040

MONTREAL, QUEBEC--(Marketwire - Oct. 8, 2010) - Golden Share Mining Corporation ("Golden Share" or the "Corporation") (TSX VENTURE:GSH) is pleased to announce the completion of a second and final tranche of $415,040 of an on-going private placement.

Under this second tranche of the private placement, the Corporation has issued a total of 1,740,000 non-flow through common shares ("Shares") at a price of $0.10 per Share, 1,980,333 flow-through Shares at a price of $0.12 per Share, and 2,645,167 Share purchase warrants (a "Warrant"), each Warrant entitling its holder to purchase one non-flow through Share at a price of $0.15 per Share at any time during the 24-month period from the closing date.

In connection with this second tranche of the private placement, the Corporation will pay the following commissions (representing 10% of the gross proceeds raised by each finder and a number of finder's units equal to 10% of the number of Shares subscribed through each finder):

  • Nottingham Consulting Ltd: $5,600 and 46,667 finder's units;

  • Gundyco: $10,000 and 91,667 finder's units;

  • Canaccord Genuity Corp.: $22,204 and 196,700 finder's units.

Each finder's unit will allow its holder to acquire one non-flow through Share and one Warrant.

All Shares to be issued in connection with this private placement are subject to a 4-month minimum hold period. Insiders of the Corporation have subscribed under this private placement for 50,000 non-flow through Shares and 50,000 Warrants for a consideration of $5,000.

This private placement is subject to the approval of the TSX Venture Exchange.

The Corporation wishes to rectify its press release of September 30, 2010 concerning the first closing of its private placement. The Corporation has paid the following commissions :

  • Nottingham Consulting Ltd: $15,000 and 125,000 finder's units;

  • Gundyco: $36,680 and 314,000 finder's units;

  • National Bank Financial: $14,800 and 140,000 finder's units;

  • Canaccord Genuity Corp.: $2,000 and 20,000 finder's units,

  • Loeb Aron & Co Ltd.: $2,500 and 25,000 finder's units.


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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