Golden Share Mining Corporation
TSX VENTURE : GSH

Golden Share Mining Corporation

December 24, 2008 10:17 ET

Golden Share Increases Previously Announced Private Placement

MONTREAL, QUEBEC--(Marketwire - Dec. 24, 2008) - Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE:GSH) today announced that the Company has increased the size of its private placement previously announced on December 9, 2008. Golden Share now intends to issue a maximum of 1,050 Units at a price of $1,000 per Unit, for maximum gross proceeds of $1,050,000.

Each Quebec unit (the "A-Quebec Unit") will consist of 6,700 flow-through common shares of the Company at a price of $0.1194 per share and 2,000 common shares of the Company at a price of $0.10 per share. Each Ontario unit (the "B-Ontario Unit") will consist of 8,100 flow-through common shares of the Company at a price of $0.1111 per share and 1,000 common shares of the Company at a price of $0.10 per share. The Units sold under the Offering will be subject to a four-month hold period, and to the approval of the TSX Venture exchange.

Golden Share will pay Canaccord a cash commission of 10.0% of the gross proceeds from the Offering, upon closing. On the closing date of the Offering, Canaccord will be granted compensation options equal in number to 10.0% of the common shares and flow-through common shares underlying the Units sold, exercisable for common shares of the Company at a price of $0.10 for a period of 18 months following the closing date.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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