Owner
Post by Franko10 ™ on Sept 20, 2004 11:21:32 GMT -5
August 6, 2003
SHORE ANNOUNCES SHORT-FORM AND PRIVATE PLACEMENT FINANCINGS
Kenneth E. MacNeill, Chairman and Chief Executive Officer of Shore Gold Inc. ("Shore" or the "Company"), is pleased to announce that Shore has reached an agreement with Canaccord Capital Corporation ("Canaccord"), whereby Canaccord has agreed to be appointed as agent for and on behalf of Shore to raise, on a commercially reasonable best effort basis, a minimum of 952,380 and a maximum of 2,857,142 of units of Shore ("Units") at a price of $1.05 per Unit (the "Offering"). Up to 1,904,762 Units will be raised pursuant to a short-form offering document under the rules of the TSX Venture Exchange, with up to 952,380 Units being raised on a private placement basis. Each Unit will consist of one common share (a "Common Share") and one-half of one common share purchase warrant of Shore, each whole warrant (a "Warrant") entitling the holder thereof to purchase one further Common Share at a price of $1.25 for a period of one year from the date of issue. Canaccord will receive a cash commission equal to 8% of the gross proceeds received by Shore from the sale of the Units. Canaccord will also receive up to 285,714 agent's series "A" warrants (being an amount equal to 10% of the gross number of Units sold), each of which is exercisable into one Common Share at a price of $1.20 per share for a period of one year from the date of issue; an administration fee payable in cash; and a corporate finance fee payable in Units.
Shore will use the proceeds from the Offering for the purpose of further exploration and development of its 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) 664-220
SHORE ANNOUNCES SHORT-FORM AND PRIVATE PLACEMENT FINANCINGS
Kenneth E. MacNeill, Chairman and Chief Executive Officer of Shore Gold Inc. ("Shore" or the "Company"), is pleased to announce that Shore has reached an agreement with Canaccord Capital Corporation ("Canaccord"), whereby Canaccord has agreed to be appointed as agent for and on behalf of Shore to raise, on a commercially reasonable best effort basis, a minimum of 952,380 and a maximum of 2,857,142 of units of Shore ("Units") at a price of $1.05 per Unit (the "Offering"). Up to 1,904,762 Units will be raised pursuant to a short-form offering document under the rules of the TSX Venture Exchange, with up to 952,380 Units being raised on a private placement basis. Each Unit will consist of one common share (a "Common Share") and one-half of one common share purchase warrant of Shore, each whole warrant (a "Warrant") entitling the holder thereof to purchase one further Common Share at a price of $1.25 for a period of one year from the date of issue. Canaccord will receive a cash commission equal to 8% of the gross proceeds received by Shore from the sale of the Units. Canaccord will also receive up to 285,714 agent's series "A" warrants (being an amount equal to 10% of the gross number of Units sold), each of which is exercisable into one Common Share at a price of $1.20 per share for a period of one year from the date of issue; an administration fee payable in cash; and a corporate finance fee payable in Units.
Shore will use the proceeds from the Offering for the purpose of further exploration and development of its 100%-owned Star Kimberlite project located 60 kilometres 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) 664-220
