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Completes a $1,050,000 Financing

posted on Jan 01, 2009 01:53PM
December 30, 2008
Golden Share Completes a $1,050,000 Financing
MONTREAL, QUEBEC--(Marketwire - Dec. 30, 2008) - Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE:GSH) is pleased to announce that the Company has completed its previously announced private placement for an amount of $1,050,000. Golden Share will issue 945 Units of the A-Quebec Unit and 105 Units of the B-Ontario Units, at a price of $1,000 per Unit.

Each Quebec unit (the "A-Quebec Unit") consists of 6,700 flow-through common shares of the Company at a price of $0.1194 per share and 2,000 common shares of the Company at a price of $0.10 per share. Each Ontario unit (the "B-Ontario Unit") consists of 8,100 flow-through common shares of the Company at a price of $0.1111 per share and 1,000 common shares of the Company at a price of $0.10 per share. The Units sold under the Offering are subject to a four-month hold period, and to the approval of the TSX Venture exchange.

Golden Share has paid Canaccord a cash commission of $105,000 or 10.0% of the gross proceeds from the Offering. Canaccord has also been granted 917,700 compensation options equal in number to 10.0% of the common shares and flow-through common shares underlying the Units sold. Each compensation option is exercisable for one common share of the Company at a price of $0.10 until June 30, 2010.
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