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

Re. Same thing for Lakeshore & Timmins gold?

[lorn]

LAKE SHORE GOLD EXTENDS MATURITY OF STANDBY LINE OF CREDIT AND REDUCES DEBT LEVELS Lake Shore Gold Corp. has entered into a modification agreement with its secured lender, Sprott Resource Lending Partnership, to extend the maturity of the company's standby line of credit. Under terms of the Modification Agreement, the Company will repay the Standby Line through 18 equal monthly payments of outstanding principal plus accrued interest starting on June 30, 2015 with the final monthly payment due on November 30, 2016. Previously, the Standby Line was due in full on January 1, 2015. The Company also announced today that it has elected to repay $5 million of the Standby Line before the end of December, reducing the principal balance to $30 million. For the full year, debt repayments in 2013 will total approximately $20 million, with the other $15 million of repayments related to the Company's gold-linked note (the "Gold Note"), also with Sprott. ------------------------------------------------------------------- Timmins Gold Announces Extension of Credit Facility With Sprott Resource Lending Partnership Posted Monday, 16 December 2013 https://news.goldseek.com/FeaturedPR/1387205271.php VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 16, 2013) - Timmins Gold Corp. (TMM.TO)(NYSE MKT:TGD) is pleased to report that it has agreed with Sprott Resource Lending Partnership (the "Lender") to an extension to the term of its existing $18 million credit facility. The extension is subject to final documentation. The new credit agreement will have a term of 12 months from January 1, 2014. Interest will be payable at the rate of 9% per annum. Payment of the principal amount outstanding will be made at the end of the term. In consideration of the extension, a bonus payment of 300,000 common shares of Timmins Gold will be issued to the Lender at a deemed price of $1.20 per share. The shares will be subject to a four month hold period.