Golden Share Announces the Service Agreement with Canada Chrome Corporation
Toronto, Ontario--(Newsfile Corp. - November 24, 2015) - Golden Share Mining Corp. (TSXV: GSH) (the "Company" or "Golden Share") is pleased to announce that it has been engaged as the Exclusive Representative in China of Canada Chrome Corporation ("CCC"), a subsidiary of KWG Resources Inc. ("KWG") (CSE: KWG), to explore the commercial possibilities of building a railway to the Ring of Fire region of Northern Ontario. (Please see KWG Press Release #224 dated November 24, 2015).
The terms of the Service Agreement executed between Golden Share and CCC provide for a Success Fee and Freight Royalty if Golden Share's services result in the construction of a railroad. Upon substantial completion of such construction Golden Share will be entitled to 1% of total construction expenditures as a Success Fee plus 1.5% of freight revenue as Freight Royalty, payable quarterly. Golden Share will carry out this Service Agreement on a "best efforts" basis.
Nick Zeng, Golden Share's President and CEO, stated: "We are excited with the prospect of playing an important role in possibly advancing the development of the infrastructure necessary to unlock the commercial potential of the Ring of Fire region, an emerging world-class multi-metals mining camp. The discussions are just at an initial stage, but we are encouraged by the progress made and interest thus far."
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.
