NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Toronto, December 13, 2018 – Golden Share Resources Corporation (“Golden Share” or the “Company”, TSXV: GSH) is pleased to provide the results from its Annual and Special Shareholders' Meeting (the “AGM”) held on December 12, 2018 in Markham, Ontario.
A total of 19.42 million common shares, representing approximately 50.44% of the Company's issued and outstanding common shares, were voted in connection with the AGM. Golden Share shareholders voted strongly in favour of each item of business put before the AGM, with over 98.81% of the votes being cast in favour of each of the appointment of Raymond Chabot Grant Thornton LLP as auditors, the approval of the Company’s rolling stock option plan, the reduction of the stated capital on the Company’s common shares, the approval of the Company’s energy storage business spinout (the “Spinout”), the grant of a 1% royalty to Keystone Associates Inc. and the election of each of Zhen Huang, Wes Roberts, David Graham and Nick Zeng as directors for the ensuing year.
In accordance with the interim order from the Ontario Superior Court of Justice issued on October 22, 2018, the Spinout receive the required shareholder approvals, being 66 2/3% of the votes cast by the Golden Share shareholders who voted in person or by proxy at the AGM and a simple majority of the votes cast by “minority” Golden Share shareholders (excluding votes cast by any “non-arm’s length party” to Golden Share).
Golden Share will make application to the Ontario Superior Court of Justice for a final order approving the spinout on December 14, 2018 and expects to complete the Spinout on or about January 7, 2019.
For more information on the Spinout, please see Golden Share’s press release of October 15, 2018.
About Golden Share
Golden Share Resources Corporation is a junior natural resource company focusing on mineral exploration in the province of Ontario, Canada, a mineral rich and politically stable jurisdiction.
WARNING: Certain statements in this press release may be forward-looking, including those with respect to the date of the completion of the Spinout. Although the Company believes the expectations reflected in such statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include that no legal, financial, technical or other obstacles will delay or prevent the completion of the Spinout. A description of other risks affecting the Company's business and activities appears on pages 16 to 18 of its 2017 annual management's discussion and analysis, which is available on SEDAR at www.sedar.com. Additional risks relating to the Arrangement and to Harmony Energy Technologies Corporation’s business are set forth in the management information circular sent to Golden Share shareholders in connection with the AGM. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. The Company disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
This press release does not constitute an offer of securities by Golden Share, Harmony Energy Technologies Corporation or any other party for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.
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.
For more information, please visit www.goldenshare.ca or contact:
Golden Share Resources Corporation
Nick Zeng, President & CEO
Tel: (905) 968-1199