Shore Gold C.sgf Message Board

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Gold/Mining/Energy : Shore Gold C.sgf

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To: Tupulak who wrote (371)	1/25/1999 12:34:00 PM
From: Gord Bolton	Read Replies (1) of 550

Shore Gold Inc. - Private Placement Completed Company now Reporting Issuer in B.C. SASKATOON, Jan. 25 /CNW/ - Shore Gold Inc. is pleased to announce that it has completed a private placement of 666,667 flow-through common shares for total proceeds of $100,000. The funds will be used for exploration-related activities including further work on the Company's 100%-owned Fort a la Corne diamond project. Further financing is expected in the near-term and details will be announced when negotiations conclude. The Company also announces that it has been designated by the British Columbia Securities Commission as a reporting issuer in that province. Shore is now a reporting issuer in Saskatchewan, Alberta and British Columbia. Shore is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on The Alberta Stock Exchange. Symbol SGF. ''The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.'' -30- For further information: Kenneth E. MacNeill or Gary L. Billingsley, (306) 664-2202

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