LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

debentures

[stitch1956]

I think there is about 86 million in debentures. Any take out is likely well in excess of the exercise price of 1.40. That will be dilutive.  The more debentures they can buy up before hand the less he dilution on take over. Moreover, it is an easy way to buy shares in the company as the debentures can be converted to shares at any time. Same thing today, lot of buying from Anonomous.