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Post by Franko10 ™ on Sept 20, 2004 10:46:06 GMT -5
December 1, 2000
Shore Announces $300,250 Flow-Through Private Placement
Jonathan Challis, President, is pleased to announce a non-brokered private placement of 667,222 units of Shore Gold at a price of $0.45 per unit for gross proceeds of $300,250. Each unit will consist of one flow-through common share and one-half of one common share purchase warrant, each whole warrant is to be exercisable into one common share for a period of 18 months from closing of the private placement upon payment by the holder of $0.75 per common share. The private placement is subject to regulatory and stock exchange approval.
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.
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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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