Shoreham Resources 3.52-million-share private placement

Shoreham Resources Ltd (C:SMH)
Shares Issued 69,134,798
Last Close 3/11/2010 $0.265
Friday March 12 2010 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 5, 2010.

Shares:3,525,500Purchase price:25 centsWarrants:1,762,750 share purchase warrants to purchase 1,762,750 sharesWarrant exercise price:40 cents for an 18-month periodHidden placees:40Insiders:Terrence Schorn 10,000; Greg MacRae 410,000; David Jenkins 8,000; David Bending 20,000Pro groups:Jim Mustard 160,000; Daine Currie 80,000; Andrew Muir 30,000; Karla Muir 30,000Finders' fees:Canaccord Financial Ltd. receives $11,700 and 46,800 non-transferable warrants, each exercisable for one share at a price of 40 cents per share for a one-year period. PI Financial Corp. receives $4,500 and 18,000 non-transferable warrants, each exercisable for one share at a price of 40 cents per share for a one-year period. Bolder Investment Partners Ltd. receives $1,200 and 4,800 non-transferable warrants, each exercisable for one share at a price of 40 cents per share for a one-year period. Roger Connors receives $8,325. Tydewell Consulting Inc. (Vance Loeber) receives $3,825. David Schmidt receives $1,200. Ghazi Ltd. (Michael Farrugia) receives $750. Macham Consulting Company (Murray Macham) receives $750. Warren Manis receives $900