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Post by Franko10 ™ on Sept 20, 2004 10:36:22 GMT -5
March 10, 2000
Closing Of Private Placement
Jonathan Challis, President, is pleased to announce that Shore Gold Inc. has completed a private placement of 1,000,000 common shares at a price of $0.30 per share to offshore subscribers. The gross proceeds of the placement was C$300,000.
Shore Gold Inc. will use the proceeds from the private placement for ongoing exploration activities on its Star kimberlite exploration project, located 60 kms east of Prince Albert, 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
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