Post by Franko10 ™ on Sept 20, 2004 10:58:33 GMT -5
April 23, 2002
FINAL PROSPECTUS CLOSING
Kenneth E. MacNeill, Chairman and C.E.O. of Shore Gold Inc. (the "Corporation"), is pleased to announce on behalf of the Board of Directors that the Corporation has completed the final closing under the Corporation's previously announced Prospectus dated November 27, 2001 and the amendment thereto dated April 5, 2002. This offering of securities is now fully subscribed. Today's closing involved the issuance of 1,198,676 Series A Units at a price of $0.85 per Series A Unit and 572,000 Series B Units at a price of $1.00 per Series B Unit for aggregate gross proceeds of $1,590,875. Each Series A Unit consists of one common share in the capital stock of the Corporation (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each Series B Unit consists of one Common Share issued on a flow-through basis and one-half of one Warrant. Each whole Warrant will entitle the holder to purchase one Common Share at a price of $1.00 at any time until 4:30 pm (Calgary time) on April 23, 2003.
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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
FINAL PROSPECTUS CLOSING
Kenneth E. MacNeill, Chairman and C.E.O. of Shore Gold Inc. (the "Corporation"), is pleased to announce on behalf of the Board of Directors that the Corporation has completed the final closing under the Corporation's previously announced Prospectus dated November 27, 2001 and the amendment thereto dated April 5, 2002. This offering of securities is now fully subscribed. Today's closing involved the issuance of 1,198,676 Series A Units at a price of $0.85 per Series A Unit and 572,000 Series B Units at a price of $1.00 per Series B Unit for aggregate gross proceeds of $1,590,875. Each Series A Unit consists of one common share in the capital stock of the Corporation (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each Series B Unit consists of one Common Share issued on a flow-through basis and one-half of one Warrant. Each whole Warrant will entitle the holder to purchase one Common Share at a price of $1.00 at any time until 4:30 pm (Calgary time) on April 23, 2003.
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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