Owner
Post by Franko10 ™ on Sept 20, 2004 11:12:36 GMT -5
December 3, 2002
SHORE ANNOUNCES PRIVATE PLACEMENT
Kenneth E. MacNeill, Chairman and Chief Executive Officer of Shore Gold Inc. ("Shore"), is pleased to announce a brokered private placement of units of Shore ("Units") for maximum gross proceeds of $4,400,000 at a price of $0.90 per Unit to subscribers resident in British Columbia and Ontario (the "Offering"). Each Unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable into one common share for a period of 12 months from closing of the private placement upon payment by the holder of $1.10 per common share. In connection with the Offering, Shore has retained Kingsdale Capital Markets Inc. and Kingsdale Capital Partners Inc. (collectively, the "Agent") of Toronto, Ontario to act as agent for the Offering on a best efforts basis. As compensation for acting as agent, the Agent will receive a cash commission in an amount equal to 10% of the gross proceeds of the Offering and a number of warrants ("Agent's Warrants") equal to 10% of the total number of Units sold under the Offering. Each Agent's Warrant will entitle the Agent to acquire one Common Share at an exercise price of $0.90 per share. The Offering is subject to regulatory and stock exchange approval. Shore will use the proceeds from the Offering for the purpose of further exploration and development of the Corporation's 100%-owned Star Kimberlite project located 60 kilometres 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
SHORE ANNOUNCES PRIVATE PLACEMENT
Kenneth E. MacNeill, Chairman and Chief Executive Officer of Shore Gold Inc. ("Shore"), is pleased to announce a brokered private placement of units of Shore ("Units") for maximum gross proceeds of $4,400,000 at a price of $0.90 per Unit to subscribers resident in British Columbia and Ontario (the "Offering"). Each Unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable into one common share for a period of 12 months from closing of the private placement upon payment by the holder of $1.10 per common share. In connection with the Offering, Shore has retained Kingsdale Capital Markets Inc. and Kingsdale Capital Partners Inc. (collectively, the "Agent") of Toronto, Ontario to act as agent for the Offering on a best efforts basis. As compensation for acting as agent, the Agent will receive a cash commission in an amount equal to 10% of the gross proceeds of the Offering and a number of warrants ("Agent's Warrants") equal to 10% of the total number of Units sold under the Offering. Each Agent's Warrant will entitle the Agent to acquire one Common Share at an exercise price of $0.90 per share. The Offering is subject to regulatory and stock exchange approval. Shore will use the proceeds from the Offering for the purpose of further exploration and development of the Corporation's 100%-owned Star Kimberlite project located 60 kilometres 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
