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

RE: AWAITING CLARIFCATION FROM LSG!!

[Risktaker7]

Flash from the past if I can remember everything.
FEB 19/08 HOC purchased 28 million shares at $2.30 for a 19.99% holding and bought at a 30% premiun and 2 board members from HOC are to sit on the board for LSG and a 5 year standstill agreemment is put in place.

MAR 17/08 HOC is allowed to increase their holdings to 35% and the termination of the LSG shareholder rights plan.

APRIL 16/08 HOC buys 32.9 million shares at $2.40 for a 44% premiun and their holding in LSG is now 35%.
The 5 year standstill agreement timeline is now reduced to Nov 22/2010 and they are still allowed to add 5% more to their holdings for a total of 40% of LSG shares.I do not know if they did buy the 5% allowable amount of shares.

I do not know what amount of outstanding shares we will have after the merger and how many shares HOC bought of WTM but it really does not matter because the Hochschild scoop will come and LSG will no longer exist in December 2010. 

With production hitting about 100,000 oz next year along with our great potential propertys we should trading at about 8 to 10 dollars and depending how much of a premiun we get from HOC , I can fast forward my freedom 55 plan to 45 ,lol