Mr. Philippe Giaro of Golden Share reports
GOLDEN SHARE AND LAKE SHORE GOLD CORP. FIX TERMS OF ASSET ACQUISITION
Golden Share Mining Corp., following its successful completion of two private placements announced on April 21 and April 27, 2011, has fixed the number of shares and warrants to be issued in connection with its previously announced acquisition from Lake Shore Gold Corp. of a 100-per-cent interest in the Band Ore gold property, located in the Shebandowan belt of northwestern Ontario.
Under the terms of the acquisition, Golden Share will issue to Lake Shore Gold 21.69 million common shares and 10,845,000 common share purchase warrants, each entitling the holder to acquire one common share of Golden Share at a price of 20 cents during the 36-month period following its issuance. Following the acquisition, Lake Shore Gold will hold an approximately 19.99-per-cent ownership interest in Golden Share.
The acquisition remains subject to the conclusion of final agreements between Golden Share and Lake Shore Gold and to the approval of the TSX Venture Exchange.
For more information on the acquisition, please consult Golden Share's press release of March 28, 2011