Attention Business Editors:
Shore Closes $1 Million Private Placement
SASKATOON, SK, March 30 /CNW/ - Jonathan Challis, President, is pleased
to announce that the Company has closed a private placement of 1,000,000
common shares at a price of $1.00 per share and issued 100,000 warrants
convertible into common shares of the Company at a price of $1.00 per share
for 12 months.
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, as well as general working capital.
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- 03/30/2000
For further information: Canada: Kenneth E. MacNeill, CEO or Doug Ramshaw at (306) 664-2202; Europe: Jonathan
Challis, President at 011-44-1732-465174 |
