Shoreham 2.56-million-share private placement

Shoreham Resources Ltd (C:SMH)
Shares Issued 52,692,300
Last Close 6/8/2009 $0.275
Tuesday June 09 2009 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced April 30, 2009.

Shares:2,567,000Purchase price:30 centsWarrants:2,567,000 share purchase warrants to purchase 2,567,000 sharesWarrant exercise price:1,925,250 warrants exercisable into common shares at a price of 60 cents per share for a one-year period and 641,750 warrants exercisable into common shares at a price of $1.20 per share for a two-year periodHidden placees:45Insiders:David Bending 16,667; Greg MacRae 33,333; Glenn O'Gorman 10,000Agent's fee:An aggregate of $39,006 and 123,000 broker warrants payable to Granite Associates Ltd., Dundee Securities Corp. and Murray Macham. Each broker warrant is exercisable into one common share at a price of 45 cents per share for a one-year period.

I agree this stock is under priced.