New Issue: Lake Shore Gold wraps C$64.8 million placement of stock

By Devika Patel

Knoxville, Tenn., Feb. 19 - Lake Shore Gold Corp. said it has completed a C$64.8 million private placement of shares.

The company sold 28,172,302 common shares at C$2.30 each.

Proceeds will be used to develop the company's Timmins West Mine and Bell Creek Mill.

Lake Shore is a mineral exploration company based in Vancouver, B.C.

Issuer:	Lake Shore Gold Corp.
Issue:	Common shares
Amount:	C$64,796,295
Shares:	28,172,302
Price:	C$2.30
Warrants:	No
Settlement date:	Feb. 19
Stock symbol:	Toronto: LSG
Stock price:	C$1.90 at close Feb. 15

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