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Post by Franko10 ™ on Sept 20, 2004 11:19:57 GMT -5
June 18, 2003
SHORE GOLD ANNOUNCES $290,000 PRIVATE PLACEMENT
Kenneth E. MacNeill, Chairman and CEO is pleased to announce a private placement of an aggregate 290,000 units of Shore Gold at a price of $1.00 per unit for gross proceeds of $290,000, to be placed to subscribers resident in Saskatchewan, Ontario and Alberta. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable into one common share for a period of 12 months from closing of the private placement upon payment by the holder of $1.25 per common share. The private placement is subject to regulatory and stock exchange approval. All of the securities will be subject to a 4-month hold period in accordance with applicable securities laws.
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) 664-220
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