TSX:LSG.DB - Post by User
Comment by
idlefreebirdon Dec 26, 2014 12:54pm
226 Views
Post# 23265719
RE:RE:RE:RE:Lake shore Gold Corp should really think about a merger
RE:RE:RE:RE:Lake shore Gold Corp should really think about a merger i'm wrong lol even less as I went omn memory.Here.
Consideration for the transaction totals $20 million, including $15 million of cash and 1,596,023 Lake Shore Gold common shares. The PJV has obtained a 2% net smelter royalty relating to any future production from the acquired properties. In addition to the 1,596,023 shares of the Company received by Goldcorp through the Bell Creek West transaction, Goldcorp has also exercised warrants with a strike price of $2.41 per share to acquire 2,000,000 common shares of the Company. The warrants had a two year term and were issued to Goldcorp on December 18, 2007 as partial consideration for the sale of the Bell Creek Mine and Mill to Lake Shore Gold. Proceeds to the Company from the exercise of the warrants were $4.8 million.