Golden Share Signs Definitive Purchase Agreement With Lake Shore Gold Corp.
6/14/2011 9:16:36 AM - Market Wire
MONTREAL, QUEBEC, Jun 14, 2011 (MARKETWIRE via COMTEX News Network) -- Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE: GSH) is pleased to announce the signature of a definitive purchase agreement with Lake Shore Gold Corp. ("Lake Shore Gold") regarding the proposed acquisition by Golden Share of Lake Shore Gold's 100% interest in the Band Ore Gold property ("Band Ore") as previously announced in Golden Share's news release dated March 28th 2011 (the "Acquisition"). The Acquisition remains subject to the approval of the TSX Venture Exchange and the Company's shareholders to be sought at its Annual General Meeting to be held on June 28th at Hotel Gouverneur Place Dupuis, Longueuil room (level 6), located at 1415 St-Hubert St., Montreal (Quebec, Canada) at 2:00 p.m. Management would like to remind its shareholders of the importance of the Acquisition and that given Canada Post's ongoing labour dispute; it strongly suggests voting by phone or by internet. For more information on these voting options, please contact Computershare Investor Services 1-800-564-6253 (toll-free throughout North America). Under the terms of the Acquisition, Golden Share will issue to Lake Shore Gold 21,690,000 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 during the 36-month period following its issuance. Following the Acquisition, Lake Shore Gold will hold an approximately 19.99% ownership interest in Golden Share. For more information on the Acquisition, please consult Golden Share's press release of March 28, 2011. About Golden Share Mining Corporation Golden Share Mining Corporation is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share is developing a promising portfolio of properties in the greenstone belts of eastern Canada, namely in the Val d'Or-Malartic, Red Lake and Shebandowan areas. The Company is led by a technically focused management team relying on a strong network of high quality contacts and consultants, including SRK Consulting Canada in Toronto and InnovExplo in Val d'Or. Golden Share is further strengthened by an experienced board of directors and a proven advisory board including successful geologists Roy Corrans and Sethu Raman as well as seasoned financier Anthony Frizelle. Golden Share's development strategy involves advancing a well balanced portfolio of gold properties in a politically stable environment with a history of gold endowment through systematic exploration, resource definition and acquisitions. Highlights of the current portfolio include : -- Past producing high grade Au-Ag Berens River Mine to be redeveloped, -- NI 43-101 compliant resources on Pistol Lake (150,699 oz Au Inferred Resources(i)), -- NI 43-101 compliant resources on Forsan (35,000 oz Au Inferred Resources(ii)), -- New discoveries in the Cadillac break environment. (i) 2,857,200 MT @ 1.64 g/t Au at 1.00 g/t Au cut off (ii) 536,500 MT @ 2.03 g/t Au at 1.00 g/t Au cut off FOR MORE INFORMATION, CONSULT https://www.goldenshare.ca OR OUR FACEBOOK PAGE AT https://www.facebook.com/#!/profile.php?id=100001472712018&v=wall 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. Contacts: Golden Share Mining Corporation Philippe Giaro President & CEO 514-866-4224 / 32-473-5229 phgiaro@skynet.be info@goldenshare.ca SOURCE: Golden Share Mining Corporation mailto:phgiaro@skynet.be mailto:info@goldenshare.ca Copyright 2011 Marketwire, Inc., All rights reserved.
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