Dedicated To The Exploration Of Advanced Precious Metal & Polymetallic Deposits In Guyana and Canada

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

Widget

Add Shoreham Resources Ltd widget to your own site or blog

Narrow [210x500] Wide [800x150] Copy and Paste the following code:

View Narrow Widget

Email Updates

AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
Workshop Presentations Added To Thursday Schedule
Investors from over 45 Countries Have Visited
Conference Begins 2 Weeks From Today!

Looking forward to seeing all of you there gang. Registration is free for investors. AGORACOM Members register with just one click. Non-members takes less than 60 seconds. Register here (see form on right hand side)

Message: Shoreham Completes $250,000 Non-Brokered Private Placement at $0.20 per Share

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

AGORACOM

Rank: [?]

President

Points: [?]

11204

Rating: [?]

Votes: 29 Score: 4.0

Currently 4.0/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Shoreham Completes $250,000 Non-Brokered Private Placement at $0.20 per Share

posted on Dec 23, 08 06:40AM

TORONTO, ONTARIO - Dec. 23, 2008 - David A. Bending, President and CEO of Shoreham Resources Ltd. (TSX VENTURE:SMH) and Shoreham's Board of Directors are pleased to announce the completion of a non-brokered Private Placement financing for $250,000 by Mulgravian Ventures Corporation arranged as part of the Black Banana farm-out transaction as News Released on December 22, 2008 as News Release 2008-22. The financing consists of the sale of 1,250,000 common shares of Shoreham Resources Ltd. at a price of $0.20 per share. There are no warrants attached to this financing. The transaction has been approved by Shoreham's Board of Directors and is subject to Exchange approval.

The Company will be using the funds generated from this financing to fund ongoing corporate expenses and to advance our Guyanese gold, diamond and PGM projects.

Shoreham Resources is a Canadian based exploration company listed and trading on the TSX-V exchange under the trading symbol "SMH" with molybdenum, silver and uranium targets in Canada and recent discoveries on our Black Banana and Marudi Mountain gold projects in Guyana.

The Company had 46,609,800 shares outstanding prior to this News Release.

David Bending, President and CEO of Shoreham Resources Ltd., states, "Shoreham is fortunate to have been able to attract this significant above market priced investment in our Company."

The TSX-V Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Shoreham Resources Ltd.
David Bending
President and CEO
(416) 867-1101
Fax: (416) 867-1222
Email: dabending@cs.com
Website: www.shoreham.ca