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Shore Gold Inc. announces bought deal private placement financing
Shore Gold Inc. announces bought deal private placement financing Shore Gold Inc. ...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n\n\n\nShore Gold Inc. announces bought deal private placement financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nShore Gold Inc. announces bought deal private placement financing\nCanada NewsWire\nSASKATOON, Dec. 4, 2015\n\n\n\n/NOT FOR DISEMMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\n\nStock Symbol: SGF: TSX\n\n\n\nSASKATOON, Dec. 4, 2015 /CNW/ - Shore Gold Inc. (TSX:SGF) (\"Shore\" or the \"Company\") is pleased to announce that it has engaged Canaccord Genuity Corp. (the \"Underwriter\") to complete a private placement financing (the \"Offering\"), on a bought deal basis, of approximately 9.2 million Flow-Through Common Shares and 3.7 million Common Shares of the Company at an issue price of C$0.23 per Flow-Through Common Share and C$0.19 per Common Share for gross proceeds of approximately C$2.8 million. \n\nThe Underwriter will have the option, but not the obligation, exercisable in whole or in part at any time prior to the closing of the Offering, to increase the size of the Offering by up to an additional C$527,563 in Flow-Through Shares at the Flow-Through issue price and up to an additional C$175,038 in Common Shares at the Common Share issue price. \n\nAn amount equal to the gross proceeds of the Flow-Through Share offering will be used by Shore to incur Canadian exploration expenses (\"Qualifying Expenditures\") prior to December 31, 2016 for renunciation to subscribers of Flow-Through Shares effective on December 31, 2015. An amount equal to the net proceeds of the Common Share offering will be used by Shore for general working capital purposes.\n\nThe Flow-Through Shares and Common Shares will be offered and sold by way of private placement exemptions in all provinces and jurisdictions of Canada, other than Quebec.  In connection with the Offering, it is anticipated that an individual who is both a director and senior officer of the Company will, directly or indirectly, complete a share swap whereby the individual will sell up to 3,700,000 common shares from his personal holdings in pre-arranged trades over the facilities ...