Shoreham Resources Ltd.: Shoreham Completes $510,000 Non-Brokered Flow-Through Financing at $0.15 per Share

Business and Finance Business and Finance

Tue, December 23, 2008

[ Tue, Dec 23rd 2008 ] - Market Wire

New Green Technologies Receives Ownership in Glob .. Gas Technologies, LLC for Sale of Gas Energy Unit

[ Tue, Dec 23rd 2008 ] - Market Wire

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[ Tue, Dec 23rd 2008 ] - Market Wire

Paladin Energy Ltd: Paladin Energy Ltd Completes .. akeover Offers Regarding Fusion Resources Limited

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[ Tue, Dec 23rd 2008 ] - Market Wire

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[ Fri, Dec 19th 2008 ] - Market Wire

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[ Fri, Dec 19th 2008 ] - Market Wire

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[ Fri, Dec 19th 2008 ] - Market Wire

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[ Fri, Dec 19th 2008 ] - Market Wire

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[ Thu, Dec 18th 2008 ] - Market Wire

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[ Thu, Dec 18th 2008 ] - Market Wire

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[ Thu, Dec 18th 2008 ] - Market Wire

Shoreham Resources Ltd.: Shoreham Completes $510, .. rokered Flow-Through Financing at $0.15 per Share

[ Thu, Dec 18th 2008 ] - Market Wire

Exelon Makes Federal Energy Regulatory Commission .. Approval Filings for Proposed Acquisition of NRG

[ Thu, Dec 18th 2008 ] - Market Wire

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[ Thu, Dec 18th 2008 ] - Market Wire

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[ Thu, Dec 18th 2008 ] - Market Wire

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[ Wed, Dec 17th 2008 ] - Market Wire

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[ Wed, Dec 17th 2008 ] - Market Wire

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[ Tue, Dec 16th 2008 ] - Market Wire

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[ Tue, Dec 16th 2008 ] - Market Wire

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[ Tue, Dec 16th 2008 ] - Market Wire

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[ Tue, Dec 16th 2008 ] - Market Wire

AES Subsidiary Closes Financing on 156 MW St. Nikolas Wind Farm at Kavarna, Bulgaria

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[ Mon, Dec 15th 2008 ] - Alex Tokarev

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[ Mon, Dec 15th 2008 ] - Market Wire

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[ Mon, Dec 15th 2008 ] - Market Wire

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[ Mon, Dec 15th 2008 ] - Market Wire

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Shoreham Resources Ltd.: Shoreham Completes $510,000 Non-Brokered Flow-Through Financing at $0.15 per Share

_{//business-finance.news-articles.net/content/200 .. ed-flow-through-financing-at-0-15-per-share.html}
^{Published in Business and Finance on Thursday, December 18th 2008 at 8:08 GMT by Market Wire}

TORONTO, ONTARIO--(Marketwire - Dec. 18, 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 Flow-Through financing for $510,000. The financing consists of the sale of 3,400,000 common shares of Shoreham Resources Ltd. at a price of $0.15 per share. There are no warrants attached to this financing. The Company has reserved the right to apply 15% of the funds received towards corporate and administration costs. The transaction has been approved by Shoreham's Board of Directors and is subject to TSX Venture Exchange approval.

The Company will be using the funds generated from this financing to advance our uranium, molybdenum and silver projects in north-western Ontario. A winter drilling program is planned to begin when sufficient ice has formed to provide access via winter roads.

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 has 43,209,800 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.

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