Attention Business Editors:
Shore Gold Inc. Closing of Private Placement
SASKATOON, March 10 /CNW/ - Jonathan Challis, President, is pleased to
announce that Shore Gold Inc. has completed a private placement of 1,000,000
common shares at a price of $0.30 per share to offshore subscribers. The gross
proceeds of the placement was C$300,000.
Shore Gold Inc. will use the proceeds from the private placement for
ongoing exploration activities on its Star kimberlite exploration 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 Canadian Venture Exchange under the trading symbol ``SGF'.
The Canadian Venture Exchange has neither approved nor disapproved the
information contained herein.
-0- 03/10/2000
For further information: Canada: Kenneth E. MacNeill, Chief Executive Officer, (306) 664-2202, Europe: Jonathan
Challis, President, 011-44-1732-465174 |
