MONTREAL, QUEBEC -- (Marketwired) -- 07/10/13 -- Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE: GSH) is pleased to announce the filing on SEDAR of the documentation for the merger transaction (the "Transaction") with Silvore Fox Minerals Corp. ("Silvore Fox"; jointly the "Parties") as previously announced on May 30th 2013.
The material for the special shareholder meeting, including the joint information circular as well as all related documentation, was mailed to shareholders on June 28th 2013. Golden Share's special shareholder meeting seeking approval from shareholders for the Transaction will be held at 1100 de la Montagne Street, Rene-Levesque Room, Montreal, Quebec, on Thursday, July 25th 2013, at 11:00 a.m. (Eastern time). Silvore Fox will simultaneously hold its annual and special shareholder meeting in Toronto.
Each Party's board of directors firmly supports the Transaction which is expected to provide Golden Share with a greater and a more diverse asset base, greater capitalization, better access to capital markets, improved liquidity as well as a privileged relationship with Sinotech Minerals Exploration Co. Ltd., a leading Chinese mineral exploration and development company.
The merged Company will retain the name Golden Share Mining Corporation and will provide its shareholders with two quality metal projects in Ontario, namely Berens River for gold and Pick Lake for zinc. Technical details for both projects are included in the joint information circular and NI 43-101 compliant reports for both properties were filed on SEDAR on June 20th and June 21st respectively. Berens River, a Newmont past producing high grade gold-silver mine north of Red Lake, and Pick Lake, a past producing satellite deposit of the high grade Inmet Winston Lake zinc mine, will initially be at the forefront of the new Golden Share's development strategy that will focus on high grade targets.
Golden Share has signed a lock-up agreement with its major shareholder, Lake Shore Gold Corp. that, among other things, requires it to vote all of its shares in favor of the Transaction while Silvore Fox has similarly signed a lock-up agreement with its major shareholder, Beijing Donia Resources Co. Ltd.
About Sinotech Minerals Exploration Co. Ltd.
Sinotech's new structure was established in 2004 with the clear objective to become a leading emerging metal producer. Its headquarters are located in Beijing and Sinotech currently owns more than one hundred minerals projects all over the world with direct involvement in the development of over twenty subsidiary companies. Sinotech has established partnerships with all major Chinese gold producers. It currently operates four mines in China for a variety of metals including gold, silver, copper, lead, zinc, molybdenum and iron generating a revenue over Yuan 500 M ($US 81 M) per year. In addition, two other mines are currently under construction. On the exploration front Sinotech has invested over Yuan 800 M ($US 130 M) in mainland China over the past three years. Overseas, Sinotech has been actively pursuing exploration and mining opportunities with strategic direct and indirect investments in four TSXV and two ASX listed, well-funded, junior explorers developing projects for gold, base metals and nickel in Africa and North America. For further details please see the Sinotech April 2013 corporate presentation on : http://www.goldenshare.ca.
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