Golden Share Announces Selling of Quebec Properties and Issues Incentive Stock Options
Toronto, Ontario--(Newsfile Corp. - November 23, 2015) - Golden Share Mining Corp. (TSXV: GSH) (the "Company" or "Golden Share") is pleased to announce the sale of all of its mineral interests in the province of Quebec to Khalkos Exploration Inc. This consists of a 100% interest held in the Malartic Lakeshore Property, the Forsan Property and the Lac Chevrier Property and a 50% interest in the Blondeau-Guillet Property. The Khalkos Exploration Inc. will issue 1,500,000 Common Shares to the Company and grant a 1% Net Smelter Royalty (the "NSR") to the Company for each of the Malartic Lakeshore Property and Forsan Property.
"Under such challenging market conditions, and as a junior mining company with limited resources, Golden Share is satisfied with this transaction. Consideration in the form of shares with a Royalty will enable Golden Share to participate in any exploration success while not having to incur any future expenses. The selling of these noncore assets will also enable Golden Share to focus on its main assets at Berens River and Shebandowan, both located in Northwestern Ontario, as well as investigate new opportunities which can generate better value for our shareholders. " Nick Zeng, the President & CEO commented.
The Company is also please to announce that it has granted a three year incentive stock option to a Director of the Company. The incentive stock option allows purchasing up to an aggregate of 250,000 Common Shares at $0.10 per share.
We seek safe harbor.
About Golden Share
Golden Share Mining Corp. is a Canadian-based junior mining company exploring a promising and well-balanced property portfolio in the mineral belts of Ontario and Quebec, both politically stable jurisdictions with a history of rich mineral endowment.
FOR MORE INFORMATION, CONSULT http://www.goldenshare.ca OR CONTACT:
Golden Share Mining Corporation
Nick Zeng, President & CEO
Tel: (905) 968-1199
E-mail: info@goldenshare.ca
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.
