Lake Shore Gold Completes $88,217,500 Bought Deal Financing
Lake Shore Gold Corp. (TSE:LSG) announced that the Company has completed the previously announced bought deal financing through which the Company has sold to a syndicate of underwriters, led by BMO Capital Markets, 19,100,000 common shares at a price of C$3.50 per Common Share and 2,400,000 flow through common shares at a price of C$4.20 per Flow-Through Common Share.
Lake Shore Gold Corp. (TSX:LSG) announced that the Company has completed the previously announced bought deal financing through which the Company has sold to a syndicate of underwriters, led by BMO Capital Markets, 19,100,000 common shares at a price of C$3.50 per Common Share and 2,400,000 flow through common shares at a price of C$4.20 per Flow-Through Common Share.
The press release is quoted as saying:
Lake Shore Gold is a rapidly growing mining company with a goal to become a North American mid-tier gold producer through the successful exploration, development and operation of three wholly owned mines in Timmins, Ontario: Timmins Mine, Thunder Creek and Bell Creek Complex.