TORONTO, ON / ACCESSWIRE / August 22, 2016 / Golden Share Mining Corporation (TSXV: GSH) (the "Company" or "Golden Share") is pleased to announce that with its facilitation efforts, China Railway Fist Survey & Design Institute Group Co., Ltd. ("FSDI") have entered a Framework Strategic Cooperation Agreement with KWG Resources Inc. Pursuant to the Strategic Cooperation Agreement, FSDI and KWG have also executed a Conditional Bankable Feasibility Study Consultation Service Agreement ("BFSCS"). Under terms of the BFSCS, the parties have agreed on the deliverables and timetable for FSDI to complete a Conditional Bankable Feasibility Study of a commercial railroad line linking Ontario's "Ring of Fire" mineral belt to a junction with the CN Railroad line at Exton, Ontario. (Please see KWG Press Release #243 dated on August 22, 2016).
The terms of the Service Agreement executed between Golden Share and Canada Chrome Corporation, a subsidiary of KWG Resources Inc. provide for a Success Fee and Freight Royalty if Golden Share's services result in the construction of a railroad. Upon substantial completion of such construction, Golden Share will be entitled to 1% of total construction expenditures as a Success Fee plus 1.5% of freight revenue as Freight Royalty, payable quarterly. Golden Share will carry out this Service Agreement on a "best efforts" basis. (Please refer the Golden Share Press Release dated on November 24, 2015).
About Golden Share
Golden Share Mining Corporation is a Canadian junior mining company focusing on exploration in the province of Ontario, a politically stable jurisdiction with a long history mineral exploration and development.
FOR MORE INFORMATION, CONSULT http://www.goldenshare.ca OR CONTACT:
Golden Share Mining Corporation
Nick Zeng, President & CEO
Tel: (905) 968-1199
E-mail: [email protected]
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SOURCE: Golden Share Mining Corporation