TORONTO, ON / ACCESSWIRE / July 31, 2015 / Golden Share Mining Corporation (TSXV: GSH) ("Golden Share") is proposing a consolidation (the "Consolidation") of its common shares at its annual general and special shareholder meeting on August 6, 2015 (the "Meeting"). Under the Consolidation, each shareholder would receive one post-consolidation common share for three pre-consolidation common shares. The Consolidation is subject to the approval of the Company's shareholders and the TSX Venture Exchange.
There are currently 72,050,774 common shares of the Company outstanding. If the Consolidation is implemented, there would be approximately 24 million post-consolidation common shares outstanding thereafter. The Company has proposed the consolidation as its board is of the view that its existing share structure is not conducive to securing additional equity financing and a restructuring is warranted in order to facilitate attracting new investments. Golden Share's name will remain unchanged.
This press release should be read together with, and is qualified in its entirety by, the more detailed information contained in the Company's information circular prepared in connection with the Meeting, which is available on SEDAR at www.sedar.com.
About Golden Share
Golden Share Mining Corporation 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: (416) 799-8899
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.
SOURCE: Golden Share Mining Corporation
