/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO
U.S. NEWS WIRE SERVICES/
Stock Symbol: SGF: TSX
SASKATOON, Sept. 21, 2016 /CNW/ - Shore Gold Inc.
(TSX:SGF) ("Shore") is pleased to announce the successful closing
today of a private placement (the "Offering") of 5,000,000 Units at
a price of $0.20 per Unit, for
aggregate gross proceeds of $1,000,000. Each Unit consists of one Common
Share and one Common Share purchase warrant ("Warrant"). Each
Warrant will entitle the holder thereof to purchase one Common
Share at a price of $0.25 for a
period of 18 months from the date of issuance. The Offering is
subject to TSX acceptance of requisite regulatory filings. The
proceeds from the Offering will be used by Shore for general
working capital purposes.
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".
Caution Regarding Forward-Looking Statements
This press release contains "forward-looking statements" and/or
"forward-looking information", within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. All statements, other
than statements of historical fact, are forward-looking statements.
Generally, forward-looking statements can be identified by the use
of forward-looking terminology such as "plans", "expect", "is
expected", "in order to", "is focused on" (a future event),
"estimates", "intends", "anticipates", "believes" or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "would", or the negative connotation
thereof. Forward-looking statements included or implied in this
press release include the use of the proceeds of the Offering.
These forward-looking statements are based on Shore's current
beliefs as well as assumptions made by and information currently
available to Shore. Although management considers these assumptions
to be reasonable based on information currently available to it,
they may prove to be incorrect. By their very nature,
forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking
statements will not be achieved. We caution readers not to place
undue reliance on these statements as a number of important factors
could cause the actual results to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates
and intentions expressed in such forward-looking statements. These
factors include, but are not limited to, developments in world
diamond markets, changes in diamond valuations, risks relating to
fluctuations in the Canadian dollar and other currencies relative
to the US dollar, changes in exploration, development or mining
plans due to exploration results and changing budget priorities of
Shore or its joint venture partner, the effects of competition in
the markets in which Shore operates, the impact of changes in the
partners or the laws and regulations regulating mining exploration
and development, judicial or regulatory judgments and legal
proceedings, and operational and infrastructure risks.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction.
The Common Shares will not be and have not been registered under
the United States Securities Act of 1933 and may not be offered or
sold in the United States absent
registration or an applicable exemption from the registration
requirements.
SOURCE Shore Gold Inc.