SearchGold Announces the Distribution of up to 6,345,009 Common Shares of Golden Share Mining Corporation
January 30 2008 - 4:55PM
Marketwired
MONTREAL, QUEBEC (FRANKFURT: S1O) is declaring a dividend
consisting in a maximum of 6,345,009 common shares of Golden Share
Mining Corporation.
Searchgold will distribute those common shares of Golden Share,
subject to adjustments, to the shareholders of Searchgold. Each
registered shareholder of Searchgold on February 8, 2008 (the
record date) will receive one common share of Golden Share for
approximately 20 common shares of Searchgold held.
On December 19, 2007, the TSX Venture Exchange conditionally
approved the listing of the common shares of Golden Share.
On December 28, 2007, Golden Share accepted subscription for a
total of $2,666,025 in payment of 2,091 Units A at a price of
$1,015 per Unit A and 533 Units B at a price of $1,020 per Unit B,
pursuant to a final prospectus dated December 19, 2007.
Each Unit A offered at a price of $1,015 comprised 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 Unit B offered at
a price of $1,020 comprised 3,400 common shares at a price of $0.30
per share and 3,400 common share purchase warrants, each warrant
entitling its holder to subscribe for one common share at the price
of $0.35 for a period of 24 months.
The common shares of Golden Share began trading on the TSX
Venture Exchange on January 14, 2008 under the symbol "GSH".
The certificates representing the common shares of Golden Share
that the registered shareholders of Searchgold will be entitled to
receive should be mailed on or about February 15, 2008. The
shareholders of Searchgold can contact their brokers with respect
to their shares of Golden Share.
If you would like to receive press releases via e-mail please
contact: info@searchgold.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: SearchGold Resources Inc. Philippe Giaro, President
& CEO 32-473-52-30-29 phgiaro@skynet.be SearchGold Resources
Inc. Denis Tremblay, Vice-President 514-866-4224 info@searchgold.ca
www.searchgold.ca CHF Investor Relations Alison Tullis, Account
Manager 416-868-1079 x233 alison@chfir.com
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