Toronto, OntarioNewsfile Corp.  July 10, 2024  Golden Share Resources Corporation TSXV: GSH "Golden Share" or the "Company" is pleased to announce that it has amended the option agreement with Delta Resources Limited TSXV: DLTA OTC Pink: DTARF FSE: 6GO1 "Delta" announced on May 23, 2024, in which the Company has granted an option to Delta to earn a 100 interest in the BandOre property the "Property" or "BandOre". The objective of the amendment is to fix the absolute maximum number of shares that could possibly be issued by Delta to Golden Share by fixing the minimum price per share that Delta would issue as part of the agreement. The minimum price of the Delta shares was therefore fixed at 0.075 for a maximum possible issuance of 9,333,333 shares that could be issued to Golden Share. The Property is located west of Thunder Bay, Ontario and covers approximately 2,115 hectares and comprises 16 patented mining claims, one mining claim lease, and 109 staked mining claims in Hagey and Conacher Townships of Ontario. Agreement Details: In order to acquire a 100 interest in the Property, the Company is required to make aggregate cash and security payments to Golden Share in the amount of 2,000,000 as below:. . All share prices are based on 20day VWAP, with a minimum price of 0.075 per share. Golden Share will retain a 2 Net Smelter Return Royalty "NSR". Delta will have the option to buyback a 1.0 NSR at anytime for 3M and will have a right of first refusal on the second 1.0 NSR. If Delta defines a NI 43101 mineral resource on the property after earnin, Golden Share will be entitled to a bonus of 500,000 for an estimate of 500,000 gold ounces contained up to 1,000,000 ounces and a bonus of 1,000,000 for an estimate of greater than 1,000,000 contained gold ounces. There are no work commitments on the property. The agreement is subject to regulatory approval. Qualified Persons. The technical content disclosed in this press release was reviewed and approved by Wes Roberts, P. Eng., a Qualified Person as defined under NI 43101. About Golden Share. Golden Share Resources Corporation is a mineral exploration company focusing on the province of Ontario, Canada, a mineral rich and politically stable jurisdiction. WARNING: Certain statements in this press release may be forwardlooking, including those with respect to the timing and content of upcoming work programs, geological interpretations, etc. ForwardLooking statements address future events and conditions and therefore involve inherent risks, uncertainties and assumptions. Actual results may differ materially from those currently anticipated in such statements. The Company relies upon litigation protection for forwardlooking statements. The reader is warned against undue reliance on these forwardlooking statements. 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. Golden Share Resources CorporationWes Roberts, P.Eng. CEOEmail: infogoldenshare.ca. To view the source version of this press release, please visit https:www.newsfilecorp.comrelease216038. SOURCE: Golden Share Resources Corporation
Golden Share Resources Corporation has amended its option agreement with Delta Resources Limited for the BandOre property, fixing the minimum price per share that Delta would issue. The Property, located in Ontario, requires certain cash and security payments for acquisition. The agreement includes a Net Smelter Return Royalty and bonuses based on defined mineral resources. The technical content was reviewed by a Qualified Person.