Owner
Post by Franko10 ™ on Sept 20, 2004 11:16:04 GMT -5
March 21, 2003
SHORE GOLD ANNOUNCES $400,000 PRIVATE PLACEMENT
Jonathan Challis, President, is pleased to announce a non-brokered private placement to subscribers resident in British Columbia, Alberta and Saskatchewan of 526,310 units in the capital of Shore Gold Inc at a price of $0.76 per unit for gross proceeds of $400,000. Each unit consists of one common share in the capital stock of the Company and one-half of one
common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share at an exercise price of $1.00 for a period of 12 months from the closing date. The private placement is subject to regulatory and stock exchange approval.
The Company will use the proceeds for ongoing exploration activities on its Star Diamond 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
SHORE GOLD ANNOUNCES $400,000 PRIVATE PLACEMENT
Jonathan Challis, President, is pleased to announce a non-brokered private placement to subscribers resident in British Columbia, Alberta and Saskatchewan of 526,310 units in the capital of Shore Gold Inc at a price of $0.76 per unit for gross proceeds of $400,000. Each unit consists of one common share in the capital stock of the Company and one-half of one
common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share at an exercise price of $1.00 for a period of 12 months from the closing date. The private placement is subject to regulatory and stock exchange approval.
The Company will use the proceeds for ongoing exploration activities on its Star Diamond project, located 60 kms east of Prince Albert, Saskatchewan.
--------------------------------------------------------------------------------
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
