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

Bell Breek NSR

[Vanchester]

From the MD&A

"Subsequent to year end, on February 21, 2011 the Company issued 2.985 million shares to purchase back a 5% net smelter royalty on the Enermark Resources Inc. claims, which cover much of the Bell Creek Mine property."

You would think that this would be newsworthy unless it was buried somewhere...........



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