/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO U.S. NEWS
WIRE SERVICES/
Stock Symbol: SGF: TSX
SASKATOON, June 12,
2015 /CNW/ - Shore Gold Inc. (TSX:SGF) ("Shore") is pleased
to announce the successful closing today of Shore's private
placement (the "Offering") of 10,000,000 Units at a price of
$0.20 per Unit, for aggregate gross
proceeds of $2,000,000. 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.
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.