MONTREAL, QUEBEC--(Marketwire - Dec. 21, 2007) - DO NOT RELEASE OR DISTRIBUTE IN THE UNITED STATES OF AMERICA
Golden Share Mining Corporation is pleased to announce today the filing of a final prospectus and the reception of a visa from securities regulatory authorities for all provinces of Canada regarding an initial public offering as well as a secondary placement byway of a stock dividend.
Golden Share is doing an initial public offering for a minimum of 1,800 A units and 390 B units and a maximum of 2,190 A units and 1,470 B units in all provinces of Canada at a price of $1,015 per A unit and $1,020 per B unit, for maximum gross proceeds of $3,722,250 for Golden Share. Each A unit will comprise 2,300 flow through common shares at a price of $0.35 per share and 700 common shares at a price of $0.30 per share. Each B unit will comprise 3,400 common shares at a price of $0.30 per share and 3,400 common share purchase warrants, each warrant giving its holder the right to purchase one additional common share at a price of $0.35 for a period of 2 years. Canaccord Capital Corporation is acting as agent for this initial public offering.
Concomitantly with the initial public offering, Searchgold Resources Inc. (TSX VENTURE:RSG), Golden Share's main shareholder, will distribute a total of 6,345,009 common shares it holds of Golden Share, to Searchgold's shareholders, byway of a stock dividend. Searchgold's board of directors will set a registration date for the distribution. This date will be announced in a separate press release by Searchgold.
The proceeds of this initial public offering will be allocated by Golden Share for exploration work on its properties with a focus on the Forsan and Malartic Lakeshore properties, as well as general and cash flow purposes.
The prospectus includes a detailed summary of the recommended exploration program regarding the aforementioned properties. A copy of the prospectus is available on SEDAR under the Golden Share Mining Corporation company profile at
www.sedar.com.The closing of the initial public offering is scheduled for December 28, 2007. The TSX Venture Exchange has conditionally approved the listing of the common shares included in this placement as described in the prospectus, at the condition that Golden Share complies with all TSX Venture's listing requirements. It is therefore expected that the trading of Golden Share's common shares starts within the month of January 2008, under the symbol "GSH".
