Welcome to our dedicated page for Golden Share Resources Corporation news (Ticker: GLDMF), a resource for investors and traders seeking the latest updates and insights on Golden Share Resources Corporation stock.
Golden Share Resources Corp. is a mineral exploration company based in Markham, Canada. The company's primary focus is on projects such as Ogoki, Kagiami, Sandridge, Berens River, and Band-Ore. Golden Share is engaged in the exploration of minerals, with key assets in Northern Ontario, Canada. The company recently announced an agreement with Lipari Diamond Mines Ltd. and Delta Resources Limited, showing a commitment to expanding its portfolio. With a keen eye on potential opportunities and a strong emphasis on exploration, Golden Share Resources Corporation continues to position itself as a key player in the mineral exploration sector.
Golden Share Resources has signed a Property Purchase Agreement with Delta Resources on November 18, 2024, granting Delta 100% interest in the Elwood property. The property, located west of Thunder Bay, Ontario, covers 16.85 hectares and includes one patented mining claim in Duckworth Townships. Additionally, Golden Share has extended its Share Exchange Agreement with Lipari Diamond to December 31, 2024. The regulatory documentation for the listing is largely complete, with third-party capitalization remaining as the final step to close the RTO.
Golden Share Resources (TSXV: GSH) has amended its option agreement with Delta Resources (TSXV: DLTA, OTC Pink: DTARF, FSE: 6GO1) regarding the Band-Ore property. The amendment sets a minimum share price of $0.075, capping the maximum issuance at 9,333,333 shares to Golden Share. The Band-Ore property, located west of Thunder Bay, Ontario, spans 2,115 hectares with 126 mining claims. Delta must make payments totaling $2,000,000 over five years to acquire a 100% interest. Golden Share retains a 2% Net Smelter Return Royalty, with Delta having the option to buy back 1% for $3M. Golden Share will receive bonuses if Delta defines significant gold resources on the property. Regulatory approval is pending.
Golden Share Resources (TSXV: GSH) has announced the results of its annual and special meeting held on June 28, 2024. Shareholders voted overwhelmingly in favor of all matters, including the election of management's nominees, the appointment of Kreston GTA LLP as auditors, and the reapproval of the omnibus incentive plan. Additionally, the company has extended its share exchange agreement with Lipari Diamond Mines to July 31, 2024. The reverse takeover transaction with Lipari, initially announced on March 20, 2023, remains a key focus.
Golden Share Resources (TSXV: GSH) has entered into an option agreement with Delta Resources (TSXV: DLTA) for the Band-Ore property, located near Thunder Bay, Ontario. The property includes two historic high-grade gold resources, totaling approximately 251,396 ounces of gold, though these figures are not NI 43-101 compliant.
The Band-Ore property spans 2,115 hectares, comprising 16 patented mining claims, one mining claim lease, and 109 staked mining claims. Delta Resources will take charge of exploration efforts, enhancing synergies with its existing projects.
Delta can acquire 100% interest in the property by making cash and share payments to Golden Share totaling $2 million over five years. Golden Share will retain a 2% Net Smelter Return Royalty (NSR) and is entitled to additional bonuses based on future gold resource estimates. The agreement is pending regulatory approval.
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