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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (47748)	8/21/2007 12:31:09 AM
From: Rocket Red	Respond to of 78422

Shore Gold reveals $18.7-million in Coventree paper 2007-08-20 12:04 ET - News Release Shares issued 177,335,460 SGF Close 2007-08-17 C$ 2.96 Also News Release (C-COF) Coventree Inc Mr. Harvey Bay of Shore Gold reports SHORE GOLD INC. - CASH SHORT-TERM INVESTMENTS SUMMARY In light of the uncertainty in global credit markets, Shore Gold Inc. felt it prudent to provide an update on the status of its cash short-term investments of approximately $80-million. The company has continued to invest its cash in accordance with its investment policy, the objectives of which are (in decreasing order of importance) to preserve capital by investing in highly rated instruments, to insure liquidity and to insure adequate returns. All of the company's invested assets are rated (by DBRS Ltd.) R1 or higher, and were selected on the basis of professional advice. All of the company's maturing short-term investment instruments to date have been redeemed. The company currently holds approximately $18.7-million in Coventree Inc.-sponsored funds with varying maturity dates to Oct. 15, 2007. DBRS continues to confirm the R1-High rating of the Coventree-sponsored funds. The majority of the company's remaining cash is held in bankers acceptances, treasury bills or bank-sponsored asset-backed securities with varying maturity dates through to Nov. 29, 2007. We seek Safe Harbor.