SASKATCHEWAN – Saskatoon-based SHORE GOLD is raising $120 million towards exploration and development of its Fort la Corne property and further work on the Star kimberlite. Shore is issuing 17.15 million common shares from treasury at a price of $7.00 each. The offering is underwritten by a syndicate lead by GENUITY CAPITAL MARKETS. Already NEWMONT MINING CORP. OF CANADA has subscribed to 6.84 million shares, increasing its interest in Shore Gold to 9.9%.
Shore posted new photos on its website, www.ShoreGold.com, at the end of October. It is worth a visit to see the pictures of the 10.15- and 19.67-ct gems recovered from the project.