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Post by Franko10 ™ on Sept 20, 2004 11:27:24 GMT -5
December 5, 2003
SHORE COMPLETES SECOND CLOSING OF PRIVATE PLACEMENT
Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. ("Shore"), is pleased to announce the completion of the second closing of its non-brokered private placement of an aggregate of 627,833 units of Shore at a price of $1.70 per unit for gross proceeds of $1,067,316. 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 upon payment by the holder of $2.10 per common share. All of the securities will be subject to a 4-month hold period in accordance with applicable securities laws. Of the maximum 1 million units, Shore has now closed a total of 921,951 units for gross proceeds of $1,567,316.
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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
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