Golden Share Mining Corporation

Golden Share Mining Corporation

April 27, 2011 15:57 ET

Golden Share Closes $200,200 Flow-Through Financing

MONTREAL, QUEBEC--(Marketwire - April 27, 2011) - Golden Share Mining Corporation ("Golden Share" or the "Corporation") - (TSX VENTURE:GSH) wishes to announce the completion of a $200,200 private placement.

Under this private placement, the Corporation has issued a total of 910,000 flow through shares ("Shares") at a price of $0.22 per Share and 455,000 common share purchase warrants ("Warrant"), each Warrant entitling its holder to purchase one common share at a price of $0.32 per common share at any time during the 18-month period from the closing date.

In connection with this private placement, the Corporation will pay the following commission (representing 6% of the gross proceeds raised and a number of agent's warrants equal to 6% of the Shares subscribed through each finder):

  • BMO Nesbitt Burns : $12,012 and 54,600 agent's warrants.

Each agent's warrant will allow its holder to acquire one unit made up of one common share and one half of one Warrant at a price of $0.22 per unit during the 18-month period from the closing date. All securities to be issued in connection with this private placement are subject to a 4-month minimum hold period.

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

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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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