Owner
Post by Franko10 ™ on Sept 20, 2004 10:32:40 GMT -5
December 31, 1999
Shore Gold Inc. Announces Closing Of Flow Through Private Placement
Shore Gold Inc. (Shore) is pleased to announce that it has completed a private placement of 1,250,000 common shares at a price of $0.20 per share issued on a flow through basis. The gross proceeds of the placement was $250,000. In addition, two directors exercised a total of 550,000 options with the company receiving $82,500 as a result of these transactions. The proceeds from the private placement will be used by Shore for ongoing exploration activities on the company’s 100% owned “Star” diamond-bearing kimberlite pipe in the Fort a la Corne area of Saskatchewan.
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Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
For further information please contact:
Kenneth E. MacNeill, President & C.E.O.; George Sanders, Vice President Corporate Development; or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202
Shore Gold Inc. Announces Closing Of Flow Through Private Placement
Shore Gold Inc. (Shore) is pleased to announce that it has completed a private placement of 1,250,000 common shares at a price of $0.20 per share issued on a flow through basis. The gross proceeds of the placement was $250,000. In addition, two directors exercised a total of 550,000 options with the company receiving $82,500 as a result of these transactions. The proceeds from the private placement will be used by Shore for ongoing exploration activities on the company’s 100% owned “Star” diamond-bearing kimberlite pipe in the Fort a la Corne area of Saskatchewan.
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Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
For further information please contact:
Kenneth E. MacNeill, President & C.E.O.; George Sanders, Vice President Corporate Development; or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202
