Shore Gold Inc.

Shore Gold Inc.

November 23, 2007 09:18 ET

Shore Gold Announces Closing of $30 Million Private Placement Financing

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 23, 2007) -

Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. ("Shore" or the "Company")(TSX:SGF) is pleased to announce the successful closing today of the Company's private placement of 4,762,000 flow-through Common Shares of Shore at a price of $6.30 per flow-through Common Share for gross proceeds of $30,000,600.

A syndicate led by Genuity Capital Markets and including RBC Capital Markets and TD Securities Inc., on a firm commitment basis, acted as agents for the offering.

Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Shore trade on the TSX Exchange under the trading symbol "SGF".

The information in this news release contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, which are beyond Shore's control, including the impact of general economic conditions and the price of diamonds. Shore's actual results and performance could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits Shore will derive from them.

Contact Information

  • Shore Gold Inc.
    Kenneth E. MacNeill
    President and C.E.O.
    (306) 664-2202
    Shore Gold Inc.
    Harvey Bay
    (306) 664-2202