Published on 12/4/2009 in the Prospect News PIPE Daily.
New Issue: Lake Shore Gold settles C$85 million private placement of common stock
By Devika Patel
Knoxville, Tenn., Dec. 4 - Lake Shore Gold Corp. said it has completed a C$85 million private placement of shares with Hochschild Mining Holdings Ltd.
The company sold 19.2 million common shares at C$4.43 each.
Lake Share is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Lake Shore Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$85 million
|
| Shares: | 19.2 million
|
| Price: | C$4.43
|
| Warrants: | No
|
| Investor: | Hochschild Mining Holdings Ltd.
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Toronto: LSG
|
| Stock price: | C$3.90 at close Dec. 3
|
| Market capitalization: | C$1.21 billion
|
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