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

RE: wow... just wow

[razzss]

There has been a news release, attempted to "slip" under the carpet.  NewsRelease was issued under Richmont Minerals around the 3h00pm timeframe.  Someone posted the release and others contributed maps to show which property LSG acquired.    

 

Mr. Franz Kozich of Richmond reports

RICHMOND MINERALS INC. ANNOUNCES PROPERTY SALE

Richmond Minerals Inc. has reached an agreement with Lake Shore Gold Corp. to sell its 100-per-cent ownership interest in the Highway 101 property located in Guibord township, Ontario. As part of the agreement, Vendome Resources Corp. has agreed to cancel its August, 2009, earn-in agreement with Richmond. Terms of the arrangement are as follows: Lake Shore will issue to Richmond 232,500 common shares of Lake Shore and 116,250 Lake Shore purchase warrants; and Lake Shore will issue to Vendome 67,500 common shares of Lake Shore and 33,750 Lake Shore purchase warrants. Each warrant will allow the warrantholder to purchase one common share of Lake Shore at a price of $3 for a two-year period following the closing date of the sale of the property. The first anniversary payment of 200,000 common shares of Vendome to Richmond as set out in the earn-in agreement between Richmond and Vendome has also been cancelled. Closing of the sale is scheduled on or before Oct. 31, 2011.