Press Releases

Shane Resources announces agreement with Forest Gate Resources Inc.

Thursday, 13 October 2005 00:00 Written by Shane Resources Ltd.
Saskatoon, Saskatchewan, October 13, 2005 – Shane Resources Ltd. (SEI - TSX.V), United Carina Resources Corp. (UCA - TSX.V) and Consolidated Pine Channel Gold Corp. (KPG - TSX.V) (collectively, the “Companies”) are pleased to announce that an agreement has been reached with Forest Gate Resources Inc. to sell their combined 45% interest (Shane 25%, United Carina 10%, Consolidated Pine Channel 10%) in two (2) mineral claims in the Fort a la Corne area of Saskatchewan.

The property consists of two (2) claims totaling 768 hectares and is located along the western flank of the diamondiferous 122 Kimberlite owned by the DeBeers/Kensington joint venture. The Companies will receive their pro-rata share of 1.7 million shares and 1.5 million share purchase warrants of Forest Gate Resources Inc. The warrants are exercisable for the next three (3) years at a price of $0.65.

The Companies are also pleased to exchange their ownership in the properties for shares in Forest Gate since Forest Gate has an excellent portfolio of diamond properties and the in-house geological expertise to explore and develop these properties.

Shane Resources announces issuance of options

Wednesday, 29 June 2005 00:00 Written by Shane Resources Ltd.
Saskatoon, Saskatchewan, June 29, 2005: Shane Resources Ltd. (TSX.V - SEI) wishes to announce that it has granted incentive stock options to certain its directors to purchase up to 1,000,000 common shares in the capital stock of the Company, exercisable for a period of five years at a price of $0.20 per share. The closing price of the Company’s shares on June 28, 2005 was $0.20.

Shane Resources announces closing of private placement

Tuesday, 21 June 2005 00:00 Written by Shane Resources Ltd.
June 21, 2005 – Shane Resources Ltd. (SEI – TSX Venture) is pleased to announce the closing of its private placement totalling $500,000. These funds were raised by the Company issuing 2,500,000 units at a price of $0.20 per unit, each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one additional common at a price of $0.25 for a period of one year. Of the 2,500,000 units issued, approximately 1,250,000 of the units are flow- through.
The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period expiring October 15, 2005.

Shane Resources announces resignation from board

Friday, 07 January 2005 00:00 Written by Shane Resources Ltd.
January 7, 2005 – Shane Resources Ltd. (TSX - SEI.H) announces the resignation of Wayne Sanderson from its board of directors. The Company would like to thank Mr. Sanderson for his assistance during the past 15 years. The board of directors is now comprised of Messrs. Rick Walker, Stephen Marks and Michael Magrum.

Shane Resources announces closing of private placement

Thursday, 16 September 2004 00:00 Written by Shane Resources Ltd.
September 16, 2004 – Shane Resources Ltd. (TSX.H - SEI)is pleased to announce a private placement of 2,500,000 units at a price of $0.20 per unit to total proceeds of $500,000. Each unit will consist of one common share and one share purchase warrant entitling the holder to purchase one additional common at a price of $0.25 for a period of one year. Of the 2,500,000 units issued, approximately 1,250,000 of the units will be flow-through.
A portion of the funds raised will be used to fund the purchase of a 50% interest in a gold property in Peru, as announced in the Company’s News Release dated September 13, 2004. The balance of the funds will be used for exploration of the Company’s properties in Saskatchewan and for general corporate purposes.

More Articles...

Page 4 of 5

Start
Prev
1
2
3
4
5
Next
End