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

RE:RE:RE:RE:The reason I'm Bell Creek obsessed r

[borne2run]

Lake Shore Gold has to pay the debenture holders in cash on September 30, 2017.

Prior to that date, debenture holders have the option to convert their debentures into shares at a price of $1.40 per share.
Under certain circumstances, the company can force conversion but the share price must be significantly above $1.40 (for most debentures, it's usually at least 20% higher than the conversion price for 20 trading days).