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Post by Franko10 ™ on Sept 20, 2004 10:39:06 GMT -5
March 30, 2000
Shore Closes $1 Million Private Placement
Jonathan Challis, President, is pleased to announce that the Company has closed a private placement of 1,000,000 common shares at a price of $1.00 per share and issued 100,000 warrants convertible into common shares of the Company at a price of $1.00 per share for 12 months.
The Company will use the proceeds from the private placement for ongoing exploration activities on its Star kimberlite project, located 60 kms east of Prince Albert, Saskatchewan, as well as general working capital.
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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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