TSX:LSG.DB - Post by User
Post by
tele8on Oct 14, 2010 11:42am
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Post# 17564119
HOC selling
HOC sellingHOC is dumping LSG.............. reducing its stake considerably.......... why ????
they think it's dead money that can be used elsewhere to make more money
they are not making away like gangbusters, and are dropping the shares (at least agood chunk of them) below their purchase price of $4.43 in Dec 2009
underwriters are expecting to turn the 100M shares over to retail investors........... just as the price of GOLD is at all time highs..... buyer beware !!!!!
DEC 4, 2009 - 12:17 ET
Lake Shore Gold Announces Closing of Private Placement FinancingTORONTO, ONTARIO--(Marketwire - Dec. 4, 2009) - Lake Shore GoldCorp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced thesuccessful closing of a previously announced private placementfinancing with Hochschild Mining Holdings Ltd. ("Hochschild"), throughwhich the Company has raised $85.0 million through the issuance of 19.2million shares to Hochschild at a price of $4.43 per share. Thetransaction was first announced on November 19, 2009.