New Issue: Lake Shore Gold settles C$79.6 million private placement of stock

By Devika Patel

Knoxville, Tenn., June 17 - Lake Shore Gold Corp. said it has completed a C$79.6 million private placement of shares with Hochschild Mining Holdings Ltd. The company sold C$64.8 million shares to Hochschild on similar terms in February.

The company sold 33,166,908 common shares at C$2.40 each.

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

Issuer:	Lake Shore Gold Corp.
Issue:	Common shares
Amount:	C$79,600,579.20
Shares:	33,166,908
Price:	C$2.40
Warrants:	No
Investor:	Hochschild Mining Holdings Ltd.
Settlement date:	June 17
Stock symbol:	Toronto: LSG
Stock price:	C$1.47 at close June 17

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